We stappen iets minder snel over naar een nieuwe baan vanwege de economische onzekerheid in ons land. Ook is de groei van het aantal zzp'ers de laatste tijd afgevlakt.
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Door de hoge stroomprijzen gaan mensen met elektrische auto's steeds meer op zoek naar manieren om de laadkosten te drukken. Dat staat in het jaarlijkse Nationaal Laadonderzoek, uitgevoerd door Rijksuniversiteit Groningen.
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90/10 is an investment strategy proposed by Warren Buffett that deploys 90% of investment capital to S&P index funds and 10% to lower-risk investments.
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Take a brief look at some of the major arguments for and against balancing the budget and high debt levels for the U.S., the largest debtor in the world.
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A bond's yield to maturity is the total interest it will earn, while its spot rate is the price it is worth at any given time in the bond markets. Here's why a bond's spot rate fluctuates even though its interest rate is set.
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Markets are down today, and a series of related factors is exerting pressure. First, investors are concerned about a possible resurgence in the rate of inflation, which is directly linked to the second fear. This fear arises from rising oil prices, driven by the Russian-Saudi agreement to extend their oil production cuts until December of this year. Finally, with oil prices approaching $90 per barrel, the cost of gasoline is rising in the US markets, even though the summer driving season has com
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(Bloomberg) -- For Dhiraj Bajaj, the sudden twists and turns were unlike any he'd ever seen in his two decade investing career.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderStocks Retreat After Hot ISM Fuels Fed-Hike Wagers: Markets WrapFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsFirst, Dalian Wanda G
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Four analysts polled by LSEG expect BlackBerry to report sales of $156.9 million. "Given the product mix, delays in closing certain large deals are expected to impact revenue recognized in the quarter," said BlackBerry's Executive Chair and CEO, John Chen. In August, media reports said private equity firm Veritas Capital made an offer to buy BlackBerry, months after the Canadian company began a strategic review.
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While July quarter results topped estimates, the AI company sees mounting losses ahead.
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Apple (AAPL) shares fell 4% Wednesday on a report China banned its government officials from using the company's iPhones for work, as part of Beijing's effort to reduce its reliance on foreign technology and strengthen cybersecurity.
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The company said it will deliver fewer of the fighter planes this year than management had told investors to expect on a call to discuss its results.
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Musk posted the bleak financial assessment as part of a rant against the ADL.
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Lockheed Martin warned it will deliver fewer F-35 jet fighters this year than expected, and that the first of its updated Technology Refresh (TR-3) jets won’t be ready until next year.
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GameStop beat Wall Street estimates for second-quarter revenue on Wednesday, buoyed by demand for videogames, collectibles and consoles. The company reported revenue of $1.16 billion for the quarter ended July 29, up from $1.14 billion a year earlier. Analysts on average had estimated $1.14 billion, according to three analysts polled by LSEG.
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T-Mobile will join telecom peers AT&T and Verizon Communications by starting to pay a dividend. The stock will yield around 1.9%.
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"Would Nvidia's popping bring down the whole market? "It's very possible," the Research Affiliates founder, Rob Arnott, said.
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The United Auto Workers union on Wednesday plans to make a labor contract counterproposal on economic issues to Ford Motor, a source told Reuters. Ford said last week it had offered a 9% wage increase through 2027, much less than the 46% wage hike being sought by the union. The UAW expects to receive a proposal from General Motors on Thursday, added the source, who spoke on condition of anonymity.
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(Bloomberg) -- There’s little that can dent the world’s top performing stock this year, not even its founder being sent to prison for insider trading.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsS&P 500 Drops 1% as Hot ISM Fuels Hawkish Fed Bets: Markets Wr
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Rob Arnott, a quantitative-investing pioneer known for steering investors out of complacency, says the chip maker is “a great company priced beyond perfection.”
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Legendary investor Warren Buffett celebrated his 93rd birthday on Aug. 30. While many might imagine lavish celebrations and extravagant gifts for someone of his stature, Buffett has a unique perspective on birthdays and aging. Despite accumulating wealth at an incredible rate, earning an estimated $3.5 million every day of his life when you divide his total net worth by the number of days he's been on Earth, he says he dreads birthdays and the thought of growing older. Don't Miss: Until 2016 it
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(Bloomberg) -- Apple Inc. suffered its worst stock decline in a month following a report that Chinese government agencies have barred staff from using the iPhone and other foreign-branded devices at work.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderFed Set to Double Its Economic Growth Forecast After Strong US DataSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei T
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Dominion Energy's sale of its three natural gas distribution companies to Canada-based pipeline operator Enbridge creates the largest natural gas utility in North America.
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Saving $1 million (or more) for retirement is a great goal to have. Putting that much aside could make it easier to live your preferred lifestyle when you retire, without having to worry about running short of money. However, not … Continue reading → The post What Percentage of Retirees Have a Million Dollars? appeared first on SmartAsset Blog.
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Not long ago, data was being touted as the “new oil,” while in some quarters that epithet has been bestowed at times on copper, or even, fresh water. However, according to a statement made by Elon Musk, “lithium batteries are the new oil.” That is maybe not such a surprising take, given lithium forms a crucial part in the rechargeable battery tech required to power EVs. While Tesla sources its lithium from several producers of the element, it is planning to also have its lithium production done
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Deutsche Bank analyst Emmanuel Rosner met with management at a conference connected to the Munich Auto Show.
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The brewer has taken a huge financial hit from a boycott of Bud Light following a promotion with transgender influencer Dylan Mulvaney.
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Shares of AMC Entertainment traded sharply lower Wednesday morning after the company announced a plan to sell up to 40 million common shares.
The stock was down 21% at $10.71.
AMC said it plans to use the proceeds to bolster liquidity and repay debt, among other things. The announcement follows th
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(Bloomberg) -- Treasury yields climbed Wednesday — some to the highest levels in a week — as traders priced in higher odds of a Federal Reserve interest-rate increase this year after a gauge of service-sector activity was stronger than anticipated.Most Read from BloombergIndia’s Moment Has Arrived, and Modi Wants a New Global OrderSoaring US Dollar Raises Alarm as China, Japan Escalate FX PushbackChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Brea
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Workers who are assigned to an office will be required to be work out of that workplace three days a week.
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The entertainment giant plans to use potential net proceeds from the sale 'to bolster liquidity' and deal with its debt.
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U.S. weapons maker Lockheed Martin on Wednesday cut its delivery outlook for its F-35 jets, and delayed deliveries of its updated Technology Refresh 3 (TR-3) jets. Lockheed said in a filing it expects to deliver 97 aircraft in the year, down from its prior outlook of between 100 and 120 jets. Bethesda, Maryland-based Lockheed added it expects to deliver its first TR-3 jet between April and June next year.
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Constellation Brands upgraded, Block downgraded: Wall Street's top analyst calls
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The move to acquire East Ohio Gas, Questar Gas, and Public Service Co of North Carolina will make Enbridge the largest gas utility by volume in North America, with the unit accounting for a bit less than a fourth of the company's overall business mix. Morningstar analysts called the deal a "defensive move". "Despite the size of the transaction, Enbridge is leaving its 5% annual EBITDA growth expectation over the medium term, which suggests to us that the earnings contribution is replacing weaker results on the liquids side of the business," Morningstar analyst Stephen Ellis wrote in a note.
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It's clear that the third quarter is still going to be a bumper one, or even a record one, for the airline industry. But investors are worried about the months ahead and they now have another reason to be concerned.
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I’m 49 years old and I’ve had a steady job for over 15 years now as a government contractor. I plan to retire at around 65. I have $500,000 in savings between my 401(k), IRA and individual savings accounts. I’m renting, I don’t have any debt and I have a small family of three. I’m […] The post Ask an Advisor: I’m 49 With $500k in Savings But ‘I’m Concerned’ About Retirement Income and Annuities Are ‘Too Expensive.’ What Are My Options? appeared first on SmartReads by SmartAsset.
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Roku is cutting about 10% of its workforce, or 360 people, and it will limit new hiring as it cuts costs to stem a series of quarterly losses. The streaming platform also said in a regulatory filing Wednesday that it expects adjusted third-quarter revenue of between $835 million and $875 million, which is much better than the $828.6 million that Wall Street was projecting, according to analysts polled by FactSet. The Silicon Valley company also expects impairment charge of $160 million to $200 million in its third quarter as it consolidates some offices.
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Will millions of tax filers and small business owners trust personalized advice from A.I.? CEO Sasan Goodarzi is betting the future of his company that they will.
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The streaming platform also projected fiscal third-quarter results ahead of its prior guidance.
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The Bank of Russia will try to prop up the struggling rouble as Vladimir Putin’s regime desperately tries to counter Western sanctions.
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↘️ Apple (AAPL): Shares edged lower premarket after The Wall Street Journal reported that China had ordered central-government officials not to use iP
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Musk repaid the loan in November, and it's not clear why it was taken.
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German automakers under heavy pressure from Chinese competition are speeding up their transition to electric vehicles, enabling partnerships with the likes of EV startup Xpeng, its CEO Brian Gu said in an interview on Wednesday. "It is perhaps the darkest moment for German automakers but I also feel their strongest determination ever to change at the IAA," Gu said on the sidelines of Munich's IAA car show. Chinese EV startups need to leverage German automakers' scale, branding and investments to lower costs and survive, said Gu.
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Amazon could face an antitrust case which advocates breaking up the company, according to The Wall Street Journal. That might not be such a bad thing for shareholders.
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(Bloomberg) -- An increasingly stretched global refining system means fuel-price volatility is set to become more common, according to top oil executives.Most Read from BloombergChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapUnited Airlines Resumes US Flights After Temporary Grounding o
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Investors were digesting a raft of tech and software company earnings ahead of the open Wednesday.
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(Bloomberg) -- The greenback rose for a second day as a rally in oil reignited concerns over inflation, putting pressure on policymakers to keep rates high. Most Read from BloombergChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapUnited Airlines Resumes US Flights After Temporary Groundin
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Toyota thinks the world outside of Japan may finally be ready to embrace its six-figure superluxury flagship car.
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(Bloomberg) -- A renewed advance in the dollar is sending Asian currencies to multi-month lows while prompting authorities in China and Japan to step up defense of their beleaguered exchange rates. Most Read from BloombergChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapUnited Airlines Re
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JPMorgan said "de-dollarization risk for Western economies mostly relates to inflation and their debt burden."
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(Bloomberg) -- Japan issued its strongest warning over sharp currency movements in weeks after the yen set a fresh 10-month low against the dollar overnight.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsReturn-to-Office Is a $1.3 Trillion Problem Few Have Figured OutBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapUnited Airlines Resumes US Flights After Temporary Groundin
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A financial roadmap for making the most of your cash while staying on track with your short and long term money goals.
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After a shaky August for the markets, we have now entered the year’s final third and the bad news is that, going by the history books, September represents the market’s worst month of the year. The good news, however, is that according to Oppenheimer’s head of technical analysis, Ari Wald, any anticipated lull will be short-lived. “The key takeaway in our work is that, whether or not the advance is resuming imminently, it should only be a matter of time,” Wald recently said. “The Russell 2000’s
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C&S, which has partnered with SoftBank Group for the transaction, could announce a deal as soon as this week to acquire most or all of the stores they are unloading for antitrust reasons, the report said, adding that it is unclear how many stores C&S will acquire or how much it is paying for them. Kroger, Albertsons, C&S and SoftBank did not immediately respond to Reuters' request for a comment.
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Het aantal Nederlandse uitwonende studenten is gedaald van 53 procent in 2015 naar 44 procent dit jaar. Dat is een gevolg van het groeiende tekort aan studentenwoningen en de invoering van het leenstelsel. En de situatie wordt mogelijk nog zorgwekkender.
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Nederland is de grootste importeur van zonnepanelen ter wereld, waarbij 89 procent uit China komt. Ongeveer 60 procent van onze ingevoerde zonnepanelen wordt wel meteen weer doorgevoerd naar andere landen.
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Zes grote techbedrijven zijn bestempeld als aanbieders van zúlke machtige diensten, dat consumenten er bijna niet omheen kunnen. Deze bedrijven moeten in de EU aan strengere regels voldoen, zodat ze op de juiste manier met hun verantwoordelijkheden omgaan.
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Mannen met een Marokkaanse achternaam worden nog altijd gediscrimineerd als ze een huurhuis zoeken. Vrouwen, Poolse mannen en homoseksuelen lijken minder problemen te ondervinden.
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Zorgmedewerkers die in de eerste maanden van de coronapandemie het postcovidsyndroom opliepen tijdens hun werk, kunnen vanaf 25 september een tegemoetkoming van 15.000 euro aanvragen. Vakbond FNV vindt dat bedrag veel te laag en stoort zich aan de strenge voorwaarden.
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Zorgmedewerkers die in de eerste maanden van de coronapandemie het postcovidsyndroom opliepen tijdens hun werk, kunnen vanaf 25 september een tegemoetkoming van 15.000 euro aanvragen. Vakbond FNV vindt dat bedrag veel te laag en stoort zich aan de strenge voorwaarden.
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Zweedse criminele bendes misbruiken Spotify om geld wit te wassen, meldt Svenska Dagbladet dinsdag op basis van eigen onderzoek. Rappers verbonden aan criminele netwerken boeken op de streamingdienst zogenaamd grote successen met veel luisteraars.
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Ons internet thuis wordt jaarlijks duurder, maar ook sneller. Ziggo kondigde maandag aan dat al zijn klanten in oktober hogere internetsnelheden krijgen. Maar hoe snel moet je internet eigenlijk zijn? Aan 200 megabit heb je volgens een expert meestal genoeg.
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De Oekraïense economie is in de eerste zeven maanden van dit jaar een klein beetje gegroeid. De economie van het land laat sneller herstel zien van de oorlogsschade dan verwacht, meldt het Oekraïense ministerie van Economische Zaken.
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Door een storing in de bussen van Arriva hebben reizigers woensdag niet kunnen in- en uitchecken met hun ov-chipkaart. De storing is in veel bussen opgelost. Alleen in Noord-Nederland en Limburg kunnen passagiers er nog mee te maken krijgen.
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De Duitse industrie heeft in juli bijna 12 procent minder orders binnengekregen dan een maand eerder. Al langere tijd hebben industriële bedrijven het moeilijk in Duitsland, de grootste economie van Europa en de belangrijkste handelspartner van Nederland.
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Door een storing in de bussen van Arriva kunnen reizigers woensdag niet in- en uitchecken met hun ov-chipkaart. De bussen van het ov-bedrijf rijden wel. Passagiers mogen gratis mee zolang de storing duurt.
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Nieuwbouwwoningen worden steeds duurder ten opzichte van bestaande woningen. Ook staan de nieuwe woningen veel langer te koop, blijkt uit cijfers van brancheorganisatie WoningBouwersNL.
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Op NU.nl vind je elke dag een stelling die bij het nieuws past. T-Mobile Nederland heet voortaan Odido. Ook de merknaam Tele2 wordt vervangen door Odido. Op NUjij discussieerden lezers over of de naamsverandering invloed heeft op hun vertrouwen in het bedrijf. Vandaag is daarom de stelling: Bij een naamsverandering moet een bedrijf opnieuw mijn vertrouwen winnen. Breng je stem uit en discussieer mee.
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The Affordable Care Act increases moral hazard by pushing consumers further away from the costs of care. Many argue that health insurance itself is a moral hazard.
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Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. More than 40 CDs are paying 5.50% or better.
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The Consumer Price Index (CPI) measures inflation, but a comprehensive measurement includes the Producer Price Index (PPI) and the gross domestic product (GDP) deflator.
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Apple (AAPL) shares fell 4% Wednesday on a report China banned its government officials from using the company's iPhones for work, as part of Beijing's effort to reduce its reliance on foreign technology and strengthen cybersecurity.
( 18
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PBMs are third-party administrators and negotiators that are essential facilitators in transactions between all moving parts of the health care industry.
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U.S. equities fell for a second straight session on Sept. 6, 2023, with the S&P 500 Index losing 0.7% amid investors' concerns the Federal Reserve isn't done with raising interest rates yet.
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Lockheed Martin warned it will deliver fewer F-35 jet fighters this year than expected, and that the first of its updated Technology Refresh (TR-3) jets won’t be ready until next year.
( 18
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AMC shares plunged 36.8% to an all-time low on Wednesday after the movie theater chain operator announced it would sell up to 40 million shares of its Class A common stock.
( 18
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The jump in instant transfer fees comes as Robinhood contends with declining active users and increased SEC scrutiny.
( 16
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WeWork shares initially jumped after the company announced plans to renegotiate all of its leases and exit underperforming locations, but wary investors dragged the stock back into the red.
( 18
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The Keynesian multiplier was introduced in the 1930s to show that government spending creates cycles of increased employment and prosperity.
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The short-term rental service has revolutionized the lodging industry worldwide. But opinions differ on whether that's been entirely for the good.
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Japan and China are taking steps to halt their currencies' recent declines against the strengthening U.S. dollar, but it's not clear their actions can overcome broader economic realities.
( 19
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NextGen Healthcare Inc., an Atlanta, GA-based healthcare data provider, has agreed to be acquired by private equity firm Thoma Bravo in a deal valued at $1.6 billion.
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Credit score requirements for personal loans vary by lender, but borrowers with good or excellent credit typically have a better chance of qualifying for the best rates and terms.
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Foreign institutional investors (FIIs) are typically large companies that invest in countries other than where their headquarters are located.
( 24
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When buying permanent life insurance, what amount of premium should you pay for the coverage?
( 24
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How can you determine the face value of a life insurance policy, and what circumstances can change this value for your heirs?
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While a debt consolidation loan can be a personal loan, business debt consolidation loans are also available. Additionally, there are more kinds of personal loans than just debt consolidation loans.
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The volatility skew is the difference in implied volatility (IV) between out-of-the-money (OTM) options, at-the-money options (ATM), and in-the-money options (ITM).
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Airlines could take a hit to their profitability in the coming months as fuel costs—one of their biggest expenses—surge, while domestic travel demand peaks.
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Student loans can have an impact on your taxes, including reducing your tax bill if you've been paying interest. Here's what you need to know.
( 22
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The top national rate for a high-yield savings account keeps rising, setting record after record. Another jump this week has pushed the top rate even further above 5%.
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A passive investor typically buys index funds or other managed funds. An active investor is often a stock selector or someone who frequently buys and sells securities.
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Inflation is still above the 2% target the Fed is looking to hit, and with economic growth still pressing demand higher, interest rates will need to remain high or even be raised again, Boston Fed President Collins said.
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Gross domestic product is the monetary value of all finished goods and services made within a country during a specific period.
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Learn how one country's debt crisis can affect other nations, including how currency values, inflation, and output could be affected on a global scale.
( 23
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The streaming company is tightening its belt, laying off workers and reducing operational expenses in order to maintain positive momentum.
( 17
min )
Dominion Energy's sale of its three natural gas distribution companies to Canada-based pipeline operator Enbridge creates the largest natural gas utility in North America.
( 17
min )
U.S. equities were down for a second session at midday on Wednesday, Sept. 6, 2023 amid renewed concerns about Fed interest rate hikes.
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min )
Your student loans are assigned to a servicer. Here's what you should know about working with your loan servicer's customer service department.
( 23
min )
Shares of GitLab jumped after the tech firm posted a surprising quarterly profit on soaring sales of its information technology security platform.
( 16
min )
Alphabet's Google tentatively settled a class action suit that accused it of overcharging customers through its Play Store in the U.S.
( 17
min )
Despite the drop in 30-year fixed mortgage rates last week, weekly mortgage applications decreased by 2.9% to the lowest level since December 1996.
( 17
min )
Jobless claims are a statistic reported weekly by the U.S. Department of Labor that counts people filing to receive unemployment insurance benefits.
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Despite how high student loan debt has gotten in the U.S., billions of dollars in Pell Grants still went unclaimed by the high school class of 2022.
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Learn how to start a business offering personal loans, including the pros and cons of starting this type of business.
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Discover ten possible ways individual investors and businesses can potentially profit from an environment of rising interest rates.
( 25
min )
The European Commission on Wednesday designated six tech giants as "gatekeepers" under its Digital Markets Act, one of its most comprehensive efforts yet to rein in big tech.
( 19
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The iPhone maker has long relied on Arm's tech for its most popular products, with the current deal extending their partnership to 2040 and beyond.
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If you don’t time your student loan payments carefully, you can easily get burned and end up giving your lender way more money.
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Subscribers are the biggest losers in Charter and Disney's contract dispute regarding cable TV fees—a fight that centers on a model they both hope to abandon.
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min )
Brazil is the eleventh biggest economy worldwide. Its services and industry sectors made up 58.9% and 20.7% of GDP in 2022. Annual GDP growth was 2.9%.
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Unemployment insurance is a benefit for workers who have lost their jobs and meet certain eligibility requirements.
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Diversification is a portfolio theory rooted in the idea that anyone who puts all their money in one company or industry is flirting with disaster.
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Analyst Mike Mayo has an Outperform rating on shares and a $55 price target, implying 32% upside from recent trading levels.
( 22
min )
The agency warns of fraud in the employee-retention tax-credit program.
( 28
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The sale comes as lawmakers and regulators across the U.S. debate the future of natural-gas use in everything from stoves to furnaces.
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min )
Apple has signed a new deal with Arm for chip technology that "extends beyond 2040," according to Arm's initial public offering documents filed on Tuesday. Arm unveiled pricing on Tuesday for what it hopes will be a $52 billion initial public offering, which would be the largest such deal in the U.S. this year. Arm owner SoftBank Group plans to offer 95.5 million American depository shares of the United Kingdom-based company for $47 to $51 apiece, Arm said in a filing.
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(Bloomberg) -- Pipeline operator Enbridge Inc. agreed to buy three natural gas utilities from Dominion Energy Inc. for $9.4 billion. Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyUnited Airlines Resumes US Flights After Temporary Grounding on Tech IssueBillion-Dollar Corporate Bond Deals Hit Treasuries: Markets WrapThe deal will create
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Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. Almost 50 CDs are paying rates of 5.50% or more.
( 20
min )
Both sides of a dispute that has left nearly 15 million cable TV subscribers without ESPN or other networks affiliated with The Walt Disney Co. are directing customers to other services where they can watch television. The offers speak to the unusual nature of the business dispute between Disney and Charter Communications, and doesn't auger a quick resolution. Charter is telling its Spectrum TV customers about a special deal being offered by the Fubo live television streaming service to get two months at discounts of 25% or 30%, depending on the plan.
( 32
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(Bloomberg) -- The Federal Reserve has now offloaded about $1 trillion of its bond holdings since it began working down its bloated balance sheet last year, with no sign of the kinds of strains in financial markets that spooked policymakers the last time they oversaw such a program.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyReturn-t
( 32
min )
Charles Schwab passed a milestone in its efforts to integrate its one-time rival.
( 22
min )
China is planning a new $40 billion government-backed investment fund aimed at bolstering the country's semiconductor manufacturing industry that has been hit by U.S. export controls.
( 33
min )
Lisa Su emphasized AMD is one of the few companies that offers a complete AI technology portfolio across chips and software.
( 22
min )
If there's one thing cash investors love, it's high dividend yields that can juice up portfolio returns. Buying high-yielding dividend stocks often works well — until and unless the dividend gets cut or suspended. An unusually high dividend yield is sometimes called a "yield trap," meaning that while the yield is alluring, the declining share price is often a reflection of weak company fundamentals and declining earnings. Another event that perks investor interest is a stock split, as one can ow
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min )
Ford Pro CEO Ten Cannis explains the potential for software-defined vehicles. The auto maker's investors stand to benefit if he is right.
( 23
min )
Lucid CEO Peter Rawlinson topped a survey of the most highly paid auto maker CEOs. Tesla CEO Elon Musk has an opinion about that.
( 22
min )
(Bloomberg) -- Citigroup Inc.’s $41 share price reflects too much fear, and investors looking for a long-term opportunity should buy the stock, according to Wells Fargo & Co. analyst Mike Mayo. Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyOpenAI CEO Sam Altman First Person to Get Indonesian Golden VisaReturn-to-Office Is a $1.3 Trilli
( 32
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The U.S. government is taking a big step toward forcing a defiant Tennessee company to recall 52 million air bag inflators that could explode, hurl shrapnel and injure or kill people. The National Highway Traffic Safety Administration on Tuesday said it has made an initial decision that the inflators made by ARC Automotive Inc., and under license by another company, are defective. In May the agency asked ARC to recall the inflators, which it says are responsible for at least seven injuries and two deaths in the U.S. and Canada since 2009.
( 31
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Musk earned an unprecedented $23 billion from Tesla two years ago after hitting performance targets.
( 32
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The U.S. dollar has long held its position as the world's primary reserve currency. It's also considered a safe-haven currency because of America's robust economy and stable political system. But according to renowned global investor and economist Marc Faber, the greenback's dominance is now on shaky ground. "I think that the U.S. dollar will become over time — not tomorrow, but over time — a worthless currency," he said in a recent interview with Stansberry Research. Faber is highly critical of
( 32
min )
The father of a woman who died during last month's wildfires in Hawaii has sued the state and the county of Maui in a “first-of-its-kind” lawsuit accusing the governments of gross negligence leading to the blazes. Filed on Monday in Hawaii state court, the lawsuit is the first stemming from the wildfires to be lodged against the state. It also names the state's electric utility Hawaiian Electric, which is already facing several lawsuits, and a major landowner on the island, Bishop Estate, over the fires that razed the historic town of Lahaina in Maui.
( 31
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Apple, Intel and Nvidia are among the companies that plan to buy shares in the British chip maker's initial public offering.
( 26
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According to Moffett Nathanson managing director Eugene Simuni, the primary reason the company is partaking in the underwriting process is to offer its users direct access to the IPO.
( 23
min )
The two-year saga involving a proposed deal to take Donald Trump’s Truth Social platform public just got even longer.
Shareholders voted to give the special-purpose acquisition company trying to take the former pre
( 24
min )
One of the market's hottest sectors is having a sluggish start to back-to-school season.
Major homebuilder stocks, which have benefitted this year from higher mortgage rates and slow sales of existing ho
( 22
min )
British chip designer Arm is targeting a valuation of around $52 billion for its IPO, according to a filing on Tuesday.
( 23
min )
A common number that people generally seek to save is $1 million. It's a good start to long-term retirement and is a threshold that people view favorably as they seek to reach their financial goals. Saving $1 million is doable, … Continue reading → The post How to Save $1 Million Dollars in 10 Years appeared first on SmartAsset Blog.
( 35
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(Bloomberg) -- Federal Reserve Governor Christopher Waller said policymakers can afford to “proceed carefully” with interest-rate increases given recent data showing inflation continuing to ease.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsOpenAI CEO Sam Altman First Person to Get Indonesian Golden Visa“There is nothing that is saying
( 31
min )
Last month, the entertainment giant offered full-year guidance that assumed the strikes would resolve by early September. That hasn't happened yet.
( 22
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Perceived wisdom goes that the way to outperform the market this year has been by leaning into the Magnificent Seven stocks (AAPL, AMZN, GOOGL, META, MSFT, NVDA, TSLA). These market leaders – all tech giants – are seen as being responsible for the market’s rally, but hold that thought, says Ark Invest CEO Cathie Wood. These names don’t take up much room in Wood’s flagship Ark Innovation ETF, yet the fund, with its focus on bold, innovative stocks, still managed to beat the main indexes’ performa
( 35
min )
Saudi Arabia said Tuesday it will extend its voluntary production cut of 1 million barrels of oil a day through the end of the year. The announcement, carried by the state-run Saudi Press Agency, comes as the kingdom has been unilaterally cutting its output to try and boost sluggish crude oil prices. The announcement said Saudi Arabia still will monitor the market and could take further action if necessary.
( 31
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(Bloomberg) -- For years now, stock traders have been getting so rich betting big companies will get even bigger that they’ve forgotten what a bubble looks like. They’re going to find out thanks to Nvidia Corp.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyChina Slowdown Means It May Never Overtake US Economy, Forecast ShowsOpenAI CEO Sam Altman First Person to Get Indonesian Golden VisaSo says Rob Arnot
( 34
min )
The electric-vehicle company shipped 84,159 cars from its plant in Shanghai in August, up from 64,285 in July and 76,695 in August 2022.
( 22
min )
Cryptocurrency prices have been languishing, failing to consistently hold gains in recent weeks. Analysts are eyeing weakness in the technicals.
( 22
min )
These companies will fare well even if the Federal Reserve keeps interest rates high for a while.
( 22
min )
KeyBanc's Brandon Nispel says Disney investors might be disappointed when they see ESPN's financials broken out as a stand-alone unit.
( 23
min )
The lawsuit provides insightful claims into the Wall Street titan’s culture including allegations that comments such as “take that as your first punch in the face” were condoned.
( 33
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The company is closing chicken plants after some say it went too far in building up the business, which produces one-fifth of U.S. supply.
( 26
min )
SoftBank Group's Arm is aiming to raise up to $4.87 billion in the chip designer's U.S. initial public offering, a regulatory filing showed on Tuesday.
( 31
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If cars like the BYD Seal are both premium and affordable, where does that leave the rest of the industry?
( 34
min )
Cryptocurrency prices have been languishing, failing to consistently hold gains in recent weeks. Analysts are eyeing weakness in the technicals.
( 22
min )
Auto makers and chip stocks were among the big movers at the start of a shortened week following the Labor Day holiday.
( 22
min )
The utilities sector has slumped 12% in 2023 and is by far the worst-performing group in the S&P 500.
( 26
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The new investments come despite market turbulence for clean-energy startups.
( 23
min )
Dogecoin led the winners in the top 10, in anticipation of Tesla owner Elon Musk’s upcoming biography, which reportedly details his involvement in the memecoin’s development.
( 32
min )
↗️ Blackstone (BX), Airbnb (ABNB): Shares in both companies rose premarket Tuesday after S&P Dow Jones Indices said late Friday that they would joi
( 23
min )
(Bloomberg) -- US equity investors are in for disappointment as economic growth is set to be weaker than expected this year, according to Morgan Stanley’s staunch bear, Michael Wilson.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketThe strategist’s warning contrasts with the rally on Wall
( 32
min )
(Bloomberg) -- The outlook for oil prices and Chinese demand, the longevity of OPEC+ supply curbs, and rising flows of Iranian crude are among the key topics at Asia’s biggest gathering of the industry’s traders and executives, which entered its second day in Singapore.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketWhy China Is Avoiding Us
( 32
min )
U.S. semiconductor company Qualcomm on Tuesday said it will supply chips to power in-car infotainment systems to luxury automakers Mercedes and BMW. Qualcomm is the leading supplier of the chips used in smartphones, a market that has slumped over the past year. But the company is also working with automakers to power various functions in vehicles, from infotainment systems to advanced driver assistance systems, and its automotive revenue grew 13% in its most recent quarter despite its smartphone outlook falling short of analyst estimates.
( 32
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(Bloomberg) -- A gauge of the dollar is marching toward levels last seen in March as Treasury yields pushed higher and traders mulled the possibility US interest rates may stay higher for longer. Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketThe Bloomberg Dollar Spot Index rose 0.4% on
( 31
min )
(Bloomberg) -- The low-profile yet surprising release of a new phone by Huawei Technologies Co. last week has sparked a hunt for potential beneficiaries, on the bet it represents a jump forward in China’s domestic chipmaking.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadWhy China Is Avoiding Using ‘Bazooka’ to Spur EconomyDiamond Prices Are in Free Fall in One Key Corner of the MarketTraders and inve
( 32
min )
The continued positive inflation and labor market data led to the cut, Goldman Sachs Chief Economist Jan Hatzius wrote in a note. The investment bank said it expected reacceleration in real disposable income next year on the back of continued solid job growth and rising real wages. U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged in its policy meeting this month.
( 31
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Shares fell back Tuesday in Asia after U.S. markets were closed for the Labor Day holiday. Hong Kong fell more than 1% as Chinese property stocks declined as investors sold to lock in gains fueled by recent efforts to support the ailing industry. China Vanke lost 1.2%, while Country Garden Holdings gave up 2%.
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Highly depressed markets have thrown up very attractive yields
( 10
min )
(Bloomberg) -- OpenAI Chief Executive Officer Sam Altman is the first person to get an Indonesian golden visa as Southeast Asia’s largest economy seeks to draw foreign investors. Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketStocks Cede China-Led Gains in Thin Holiday Trade: Markets WrapThe country’s immigration authority issued a 10-year
( 31
min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s cloud division is weighing a private round to raise funds from Chinese state-owned enterprises ahead of the business’s market debut in Hong Kong, people with knowledge of the matter said.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketStocks Cede China-Led Gains in Thin Holiday Trade: Markets Wrap
( 33
min )
(Bloomberg) -- Oil traded near the highest level since mid-November after a surge driven by supply cuts from OPEC+ that have tightened the market.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketStocks Cede China-Led Gains in Thin Holiday Trade: Markets WrapWest Texas Intermediate held above $85 a barrel in early Asian trading, 0.3% higher t
( 31
min )
(Bloomberg) -- Asian stocks are set to open lower Tuesday, as traders return their focus to China’s efforts to halt its economic malaise after markets in the US were shut for the US Labor Day holiday.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketBurning Man Festival Death Probed as Driving Ban Is LiftedFutures in Japan and Australia point
( 34
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As Shanghai sweltered in a heatwave in June, the car factory where Mike Chen works switched production to night shifts and dialled down the air-conditioning. For Chen, toiling through the early hours in his sweat-soaked uniform, it was the latest slap in the face after cuts in bonuses and overtime slashed his monthly pay this year to little more than a third of what he earned when he was hired in 2016. Chen, 32, who works for a joint venture between China's state-owned car giant SAIC and Germany's Volkswagen, is far from alone.
( 35
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From 1958-2017, Perkins loans provided low-interest loans to undergraduate and graduate students with exceptional financial needs.
( 23
min )
A credit card authorized user is someone who has permission to use a credit card issued to another person. That can affect both their credit scores.
( 23
min )
Public outcry over rescuing banks with taxpayer money in 2008 forced a switch in governmental tactics, making bail-ins the new bank bailouts.
( 23
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Monthly tracking report for credit card interest rates from Investopedia's database of more than 300 cards showed an increase of an eighth of a point in the overall median available rate. These are the current rates as of September 2023.
( 24
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The increase in communications technology allows companies to complete in a global market.
( 24
min )
Personal loan rates reversed course this week, dipping to 20.96%, losing 15 basis points since last week when the average personal loan rate sat at 21.11%.
( 18
min )
Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. Almost 50 CDs are paying rates of 5.50% or more.
( 19
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U.S. equities fell, with the S&P 500 closing 0.4% lower on Sept. 5, 2023, as oil prices and interest rates rose.
( 18
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Discover’s savings account doesn’t usually have the highest APY, but it’s easily accessible with no minimum deposit or monthly fee.
( 24
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The cost of gasoline is on the rise as crude oil prices have climbed steadily to 10-month highs, but any effort by the U.S. government to ease the burden on households could be less effective now than in the past.
( 18
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Find out more about how CD early withdrawal penalties work, and how to determine when they may be worth overlooking.
( 24
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A rights offering is a set of rights given to shareholders to purchase additional stock shares in proportion to their holdings.
( 24
min )
Tesla was the best-performing stock in the S&P 500 after the electric vehicle maker boosted sales of vehicles made at its Shanghai plant last month on price cuts and increased production.
( 17
min )
The vast majority of homeowners are now considering climate disaster risks when they buy a new house, but many are still willing to accept those risks.
( 18
min )
Illumina on Tuesday named Agilent Technologies' Jacob Thaysen its CEO after a proxy battle with activist investor Carl Icahn led former head Francis deSouza to resign.
( 17
min )
The student loan forgiveness program is dead, given the Supreme Court ruling against it. You may have other options for relief, including some brand-new ones.
( 25
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Thinking of renting out your house or apartment on Airbnb? If so, make sure that you check your city's regulations first.
( 26
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Is the U.S. economy at last headed for a long-predicted recession? As economists digest the latest data, some are stowing their tray tables for a “soft landing” from the past two years of high inflation, while others are bracing for a crash.
( 18
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While not every borrower will qualify for any student loan forgiveness, there's typically no harm in applying, and it could benefit your overall financial health.
( 27
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Airbnb (ABNB) and trillion-dollar asset manager Blackstone (BX) are the latest companies to be included in the S&P 500 Index, which could boost their shares in the coming weeks.
( 18
min )
As borrowers with federally held student loans prepare to resume payments, 4.1 million have enrolled in a new kind of repayment that takes less out of their budget each month.
( 17
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Exploring the effects of British mercantilism on its colonial economies, especially America.
( 24
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The Federal Aviation Authority (FAA) briefly issued a ground stop for all departing United Airlines aircrafts due to a "systemwide technology issue."
( 17
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Business cycle indicators are a composite of leading, lagging, and coincident indexes used to make economic forecasts.
( 20
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The cost of a good is inversely correlated to its quantity demanded according to the law of demand in microeconomic theory.
( 19
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If you don’t want to spend a few decades paying off your student loans, you can take steps like paying while in school, activating autopay, and more to speed it up.
( 24
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Refinancing can lower your student loan payments. But does it make sense for your financial situation?
( 24
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Typically, the federal government may reduce your annual Social Security income by an average of $2,500 if you fail to repay a student loan. However, there are scenarios where this won’t apply.
( 24
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The equation of exchange is a model that shows the relationship between money supply, price level, and other elements of the economy.
( 20
min )
Though the Olympic Games are the pinnacle of sport, they also hold the potential to wreak a high level of financial havoc on their host country.
( 25
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M1 Finance and Betterment are two top robo-advisors offering different services. Betterment is good for setting financial goals, while M1 Finance may be better for automated investing.
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Warner Bros. Discovery shares gained as the entertainment giant raised its 2023 free cash flow guidance, but warned that Hollywood strikes would negatively impact its earnings.
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U.S. equities declined at midday on Tuesday, Sept. 5, 2023 amid worries about higher oil prices and interest rates.
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The Series 79 exam is a prerequisite for getting an entry-level job as an investment banking representative.
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If you receive student loan forgiveness, your credit score may be positively impacted. While your debt is not erased, your debt-to-income ratio may go up, yielding a higher score.
( 24
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Intercontinental Exchange completed its $11.9 billion purchase of real estate software, data, and analytics company Black Knight after federal regulators dropped their opposition to the deal.
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An exculpatory clause is a portion of a contract that relieves a party of liability if damages caused during the execution of the contract.
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Averages for almost every mortgage type were flat or hovering, including rates on 30-year mortgages, which are holding just a bit above their three-week low.
( 20
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Interest rate sensitivity is a measure of how much the price of a fixed-income asset will fluctuate as a result of changes in interest rates.
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For those who have defaulted on their student loans, the good news is you have a few options to help you recover from it.
( 24
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Saudi Arabia said Tuesday it will keep oil production cuts in place until December, putting more upward pressure on oil prices which are trading near 10-month highs.
( 19
min )
U.K.-based Chip designer Arm is looking to raise up to $4.87 billion in the largest U.S. initial public offering (IPO) of the year yet, which could value the company at as much as $52 billion
( 18
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The International Monetary Fund (IMF) is an important tool to help struggling countries, but it's not without its problems.
( 26
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Each is different in their own way, but which system is better: the currency board or the central bank? Find out more about these systems in this article.
( 20
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It's been the summer of discontent for labor unions across industries, and the future of the way millions of people work and earn is in the balance. Suresh Naidu, Professor of Labor Economics at Columbia University, joins the show to explain the dynamics.
( 19
min )
Robo-advisor tax-loss harvesting is the automated selling of securities in a portfolio to deliberately incur losses to offset any capital gains or taxable income.
( 26
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Which type of brokerage account you choose depends on your needs and preferences. Find out the benefits of human, self-directed, and robo-advisors.
( 29
min )
Novo Nordisk pulled ahead of LVMH to become Europe’s most valuable company by market capitalization as it launches its popular weight-loss drug, Wegovy, in the U.K.
( 17
min )
Compare Wealthfront and Merrill Guided Investing to learn which of these top robo-advisors is the right one for your automated investing strategy and financial goals.
( 26
min )
Market-linked CDs sound great on the surface but have a significant downside. Consider the whole picture before you invest.
( 23
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The Fed raised rates to 5.25%–5.50% at its July meeting, resuming a its 11th hike after a temporary pause in June.
( 26
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The infant-industry theory states that new industries in developing countries need protection against competitive pressures until they mature.
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Find out what it takes to become a financial controller, starting with educational requirements and professional certification.
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The minimum balance is the minimum amount that a customer must have in an account to get a service, such as keeping the account open.
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Hong Kong is a financial and business center in China, known as a special administrative region (SAR).
( 23
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With a centuries-old history, BNY Mellon can still attract and retain its clients the old-fashioned way, while growing this company to gigantic proportions.
( 24
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Compare Betterment and Merrill Guided Investing, two top robo-advisors that can assist you with automated investing and learn which one is right for your finances.
( 28
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De Nederlandse economie zal in de rest van dit jaar nauwelijks nog groeien. Dat verwacht ABN AMRO, dat de prijsstijgingen en relatief beperkte handel met het buitenland als oorzaken ziet. Volgend jaar is er vermoedelijk wel een kleine groei.
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Alle zes de bedrijven die op Schiphol de bagage van reizigers verwerken, hebben een dwangsom opgelegd gekregen. Ze zouden hun personeel te zwaar of onveilig werk laten doen. Dat meldt de Arbeidsinspectie dinsdag.
( 4
min )
Invasieve exoten veroorzaken jaarlijks wereldwijd bijna 400 miljard euro schade. Dat bleek maandag uit een VN-rapport. Wat is het probleem eigenlijk? En speelt dit ook in Nederland?
( 5
min )
T-Mobile en Tele2 heten voortaan Odido (spreek uit: o-díé-do). Directeur Søren Abildgaard snapt wel dat mensen aan die naam moeten wennen. "Dat zullen mensen ook hebben gedacht toen Google net begon: wat een rare naam."
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Alle zes de bedrijven die op Schiphol de bagage van reizigers verwerken, hebben een dwangsom opgelegd gekregen. Ze zouden hun personeel te zwaar of onveilig werk laten doen. Dat meldt de Arbeidsinspectie dinsdag.
( 4
min )
Het Kadaster neemt binnenkort maatregelen om de bescherming van adresgegevens te verbeteren. Vanaf medio oktober kunnen veel minder mensen op naam zoeken in het register, waarin informatie over het bezit van woningen en ander vastgoed staat.
( 5
min )
Modeketen Shoeby zit in de problemen en probeert een faillissement te voorkomen. Het bedrijf kwam in moeilijkheden tijdens de coronacrisis en wil tot een akkoord komen met schuldeisers.
( 3
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De prijs voor een vat Noordzeeolie steeg dinsdag voor het eerst in tien maanden tot boven de 90 dollar (84 euro). Dit kwam doordat Rusland bekendmaakte dat het zijn olieproductie langer beperkt. Saoedi-Arabië doet hetzelfde.
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min )
Zes bedrijven die op Schiphol de bagage van reizigers verwerken, hebben een dwangsom opgelegd gekregen. Ze zouden hun personeel te zwaar of onveilig werk laten doen. Dat meldt de Arbeidsinspectie dinsdag.
( 4
min )
Het noodlijdende Big Bazar krijgt opnieuw extra tijd om een akkoord met schuldeisers te sluiten. De koopjesketen rekende zelf op een naderend bankroet na een gerechtelijke uitspraak op maandag. Een dag later wist de ondernemingsraad een faillissement voorlopig af te wenden.
( 4
min )
De Duitse regering steekt de komende vijf jaar ruim 1 miljard euro in onderzoek naar kernfusie. "Fusie is een enorme kans om al onze energieproblemen op te lossen", zegt de Duitse minister van Onderwijs en Onderzoek Bettina Stark-Watzinger.
( 3
min )
Mensen die langer dan drie maanden een mobiel abonnement bij KPN of Vodafone hebben, krijgen op 1 oktober een flinke prijsverhoging voor de kiezen. Vodafone verhoogt zijn tarieven met 10 procent en KPN met maximaal 2,50 euro per maand.
( 4
min )
Veel Nederlanders met een huurhuis zouden liever kopen. Tegelijkertijd zijn er huizenbezitters die juist graag willen huren. Volgens economen van De Nederlandsche Bank (DNB) is er bij 1,8 miljoen huishoudens sprake van een mismatch.
( 4
min )
Binnenkort kom je misschien geen plantaardige 'biefstuk' of 'spareribs' meer tegen in de Franse supermarkt. De Franse regering wil het gebruik van dierlijke namen voor plantaardige alternatieven aan banden leggen.
( 3
min )
Steeds meer jonge werkenden hebben last van burn-outklachten. Bij jonge mannen heeft bijna een kwart (23 procent) te maken met dit soort klachten, bij vrouwen is dat zelfs bijna een op de drie (29 procent). Dat blijkt uit cijfers van kennisinstituut TNO en statistiekbureau CBS.
( 5
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We live in a digital world, powered by a digital economy, and that means that in the long term, we should look to the tech sector for strong stock results. Specifically, we need to be cognizant of AI. AI stocks have been in the public market for several years now, as the technology has made inroads into various niches – interactive chatbots, of course, but also autonomous vehicles, robotics, warehousing… even online content writing. There’s no doubt that AI is here to stay, and there’s no doubt
( 34
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Charlie Munger, Warren Buffett's right-hand man, spent $1,000 on oil royalties in 1962. He now receives 70 times that amount from them each year.
( 31
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Warren Buffett oversaw a nearly 3,800,000% rise in Berkshire Hathaway stock between 1965 and 2022, crushing the S&P 500's 25,000% gain in that period.
( 32
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(Bloomberg) -- In the emerging post-pandemic era, most aspects of life have returned to normal. Moviegoers are flocking to cinemas, vacationers jammed airports for summer travel and kids are returning to classrooms.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketBurning Man Festival Death Probed as Driving Ban Is LiftedThe one thing that ha
( 38
min )
What might seem to be farfetched tax mitigation tactics are perfectly legal, lawyers and bankers to the wealthy tell Insider.
( 33
min )
The adoption of EVs has had little impact on oil demand since 2010, but faster adoption may lead to peak oil demand later this decade
( 35
min )
A more than $36 million verdict was issued against Werner over its failure to hire a deaf driver back in 2018 The post Werner hit with more than $36 million jury award in its failure to hire deaf driver applicant appeared first on FreightWaves.
( 34
min )
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Coming up this week: PMI surveys, the Fed's Beige Book, and an inflation reading from China
( 19
min )
(Bloomberg) -- Investors in sovereign bonds are mispricing a growing risk that has the potential to trigger downgrades, according to a study by analysts at Barclays Plc.Most Read from BloombergHuawei Teardown Shows Chip Breakthrough in Blow to US SanctionsMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupThe risk in question is the failure of countries to adequately
( 33
min )
Long-term care in residential facilities like nursing homes is a financial challenge for many. When dealing with a loved one who is disabled, elderly or ill, families often try every other kind of long-term care facility first. Because nursing homes … Continue reading → The post Nursing Home Costs: How You Can Cover Them appeared first on SmartAsset Blog.
( 34
min )
There's a reason that Social Security is called "the third rail of American politics" – as in, touch it and die. Most Americans – especially seniors – are fiercely protective when it comes to their retirement benefits. A financial advisor … Continue reading → The post Almost 8 in 10 People Oppose Raising the Full Retirement Age for Social Security appeared first on SmartAsset Blog.
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min )
In this year's second-quarter earnings, Warren Buffett's Berkshire Hathaway Inc. revealed it had divested $8 billion in stocks. Immediately, financial news reporters with their fingers on the market's pulse began wondering what was up. Was this a hedge against an impending recession or possibly the precursor to a market nosedive? Steve Hanke, a prominent economist and academic at Johns Hopkins University in Baltimore, weighed in on the financial maneuver to Business Insider. He pointed out that
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The US dollar has rallied slightly against the Japanese yen during the trading session on Monday, but keep in mind it was Labor Day and the US.
( 32
min )
British chip designer Arm is eyeing a valuation between $50 billion and $55 billion for its IPO on the Nasdaq, according to The Wall Street Journal, citing people familiar with the matter.
( 23
min )
“The vision is to create a national banking network. They’re going to have to buy fill-ins."
( 23
min )
A net zero ban on petrol and diesel cars means European car makers risk being wiped out by cheaper Chinese competition, the chief of BMW has warned.
( 31
min )
Mercedes-Benz does not expect its sales in Europe to be all-electric by 2030 but will have its line-up ready, Chief Executive Ola Kaellenius said in an interview at the Munich car show. Europe's EV market had grown significantly in recent years but likely wouldn't be ready for all-electric sales by 2030, Kaellenius said on the sidelines of the Munich show. "It's not going to be 100% in 2030, obviously... from the whole European market, but probably from the Mercedes side as well," he said.
( 30
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This month is historically difficult for stocks. Investors will be hoping the momentum of several big companies can continue.
( 23
min )
Tharman Shanmugaratnam, who has previously called crypto "purely speculative" and "slightly crazy," was officially elected as Singapore's president early Saturday morning.
( 31
min )
BYD and XPeng are showing off new electric vehicles for the European market at the IAA Mobility event in Germany. Tesla is also appearing for the first time in ten years.
( 22
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Chinese electric vehicle maker Xpeng plans to expand into more European markets, including Germany, Britain and France in 2024, president Brian Gu told reporters on Monday at the IAA Mobility motor show in Munich. China's EV makers are seeking to expand in the region, aiming for higher margins and faster growth in overseas markets and challenging European companies on their home turf with cheaper models. While their EV sales picked up rapidly in South East Asia and South America, the European market has remained difficult for Chinese auto brands.
( 31
min )
Treasury 10-year yields have risen again lately, but why it may not last.
( 22
min )
The large e-commerce companies have become sensitive to macroeconomic developments in recent weeks, given their reliance on the health of the consumer.
( 22
min )
The industry push for an ether spot ETF will follow immediately after a bitcoin ETF approval since ETH has a similar market structure of a traded CME futures market and a spot market, the report said.
( 32
min )
Bitcoin and Ether have struggled to gain traction since the Securities and Exchange Commission (SEC) postponed its decision on seven Bitcoin ETF proposals.
( 32
min )
Thousands of individuals are referring neighbors and local businesses to a firm that has pursued billions in IRS refunds and created a bonanza for itself.
( 26
min )
The healthcare giant’s separation of its consumer-health business arms it with billions in cash for allocating capital in the remaining businesses.
( 26
min )
Global stocks climbed Monday, driven by a Chinese rebound as authorities eased mortgage rules to boost the country’s ailing property sector.
( 22
min )
(Bloomberg) -- US stock investors have gotten so confident that it’s concerning strategists at JPMorgan Chase & Co.Most Read from BloombergMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadDiamond Prices Are in Free Fall in One Key Corner of the MarketZelenskiy Swaps Out Defense Minister in Wartime Cabinet ShakeupHuawei Teardown Shows Chip Breakthrough in Blow to US Sanctions“There is complacency in sentiment evident, VIX is near record low and positioning has increased” to above-average l
( 31
min )
U.S. automaker Tesla sold 84,159 China-made electric vehicles (EVs) in August, a 9.3% rise from a year earlier, data from the China Passenger Car Association (CPCA) showed on Monday. Sales of China-made Model 3 and Model Y cars rose 30.9% from a month earlier. Chinese rival BYD, with its Dynasty and Ocean series of EVs and petrol-electric hybrid models, recorded deliveries of 274,086 passenger vehicles in August, a jump of 57.5% year-on-year.
( 31
min )
Kamat's exit follows a recent executive exodus from Binance that includes Chief Strategy Officer Patrick Hillmann and General Counsel Hon Ng. The cryptocurrency exchange has lately been under heavy regulatory scrutiny in the United States, with regulators aggressively clamping down on what they deem are illegal activities.
( 30
min )
(Bloomberg) -- The outlook for oil prices, crude demand in top importer China, and the longevity of OPEC+ supply cuts are set to be among the key topics at Asia’s biggest gathering of the industry’s traders and executives, which kicked off in Singapore on Monday.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing
( 31
min )
(Bloomberg) -- Turkish inflation accelerated to the fastest this year, underscoring the central bank’s challenge as it raises interest rates to try to end a cost-of-living crisis.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadZelenskiy Says He’s Removing Ukraine Defense Chief in RevampBurning Man Festival Death Probed With Thousands Still StrandedWith food and energy costs on the rise, the pace of ann
( 31
min )
European car manufacturers are being forced into a price war with Chinese companies as the EU pushes ahead with plans to ban combustion engines, the boss of BMW has warned.
( 30
min )
(Bloomberg) -- A dose of reality is tempering the outlook for Arm Ltd.’s public listing as the chip designer kicks off its roadshow this week, lowering expectations of both the valuation and the amount to be raised.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipZelenskiy Says He’s Removing Ukraine Defense Chief in RevampBurning Man Festival Death Probed With Thousands Still StrandedThe SoftBank
( 32
min )
(Bloomberg) -- A dose of reality is tempering the outlook for Arm Ltd.’s public listing as the chip designer kicks off its roadshow this week, lowering expectations of both the valuation and the amount to be raised.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipZelenskiy Says He’s Removing Ukraine Defense Chief in RevampBurning Man Festival Death Probed With Thousands Still StrandedThe SoftBank
( 32
min )
Labor Day became an official federal holiday in 1894.
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min )
Stocks were higher in Asia on Monday after Wall Street was boosted by a report that signaled the US jobs market, while still healthy, is showing some signs of cooling. “It appears that global markets are primed to be smitten with the idea of a ‘Nirvana’ Fed tightening outcome, entailing the ‘immaculate dis-inflation’ that does not cause employment pain,” Tan Boon Heng of Mizuho Bank said in a commentary.
( 33
min )
(Bloomberg) -- Oil extended its rally to hit the highest level since November on expectations that supply cuts by OPEC+ leaders will tighten the market.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing Ukraine Defense Chief in RevampTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneWest Texas In
( 30
min )
The deal would be one of the largest in the lithium-mining industry.
( 26
min )
(Bloomberg) -- Asian stocks looked set for modest gains as traders mulled US jobs data that supported optimism the Federal Reserve is nearing the end of its tightening cycle. US markets are shut Monday for the Labor Day holiday.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted G
( 32
min )
Shares of Chinese property developers rose sharply, as more major cities said over the weekend that they would ease mortgage policies in a bid to shore up the real-estate sector.
( 25
min )
(Bloomberg) -- Chinese stocks listed in Hong Kong advanced on Monday after the nation rolled out further property support measures including lower down payments for homebuyers and looser mortgage rules at major cities. Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing Ukraine Defense Chief in RevampTesla’s $41,0
( 31
min )
Bitcoin edged up on Monday morning in Asia but remained below US$26,000. Ether also stayed range-bound at around US$1,650.
( 32
min )
Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers. Brent crude was up 17 cents, or 0.2%, at $88.72 a barrel at 0015 GMT. On the demand side, China's manufacturing activity unexpectedly expanded in August, data from Caixin's manufacturing PMI survey indicated, leading to renewed optimism about the economic health of the world's largest oil importer.
( 32
min )
Oil prices ticked up in Asian morning trade on Monday, as market sentiment was buoyed by positive China and U.S. economic data, as well as expectations of ongoing crude supply cuts from major producers. Brent crude was up 17 cents, or 0.2%, at $88.72 a barrel at 0015 GMT. On the demand side, China's manufacturing activity unexpectedly expanded in August, data from Caixin's manufacturing PMI survey indicated, leading to renewed optimism about the economic health of the world's largest oil importer.
( 32
min )
Asian shares inched higher on Monday as markets wagered the Federal Reserve was done raising U.S. interest rates, and on hopes the drip feed of policy stimulus from Beijing would be enough to stabilise the Chinese economy. More policy action is also expected from Beijing, including relaxing restrictions on home buying. MSCI's broadest index of Asia-Pacific shares outside Japan inched up another 0.1%, having bounced 2.3% last week.
( 32
min )
(Bloomberg) -- This year’s US stock market rally is strong enough to withstand another leg higher for bond yields, according to the latest Markets Live Pulse survey.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedZelenskiy Says He’s Removing Ukraine Defense Chief in RevampTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted Gone
( 34
min )
Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. More than 40 CDs are paying rates of 5.50% or more
( 21
min )
Lehman Brothers developed the Lehman formula to determine the commission an investment bank should receive for arranging client transactions.
( 26
min )
Endogenous growth theory maintains that economic growth is primarily the result of endogenous and not external forces.
( 18
min )
The Troubled Asset Relief Program (TARP) created and run by the U.S. Treasury following the 2008 financial crisis and was designed to stabilize the financial system.
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min )
A private good is one that benefits only the one consuming it, at the exclusion of all others.
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min )
A deficit occurs when expenses exceed revenues, imports exceed exports, or liabilities exceed assets. Federal budget deficits add to the national debt.
( 22
min )
The time preference theory of interest explains interest rates in terms of people's preference to spend in the present over the future.
( 19
min )
As a measure of inflation, this index can help you make key financial decisions.
( 20
min )
Emigration is the relocation of people from one country to reside in another. Discover more about Emigration here.
( 19
min )
High-profile strikes in Hollywood and the threat of one in Detroit have earned this season the name the "summer of strikes," but the abundance of work disruptions may be a reflection of a sustained uptick in strikes in recent years rather than a unique hot period for union action.
( 19
min )
Deflation is a decrease in general price levels, while disinflation is what happens when price inflation slows down temporarily.
( 19
min )
Find out why Brazil and India, two of the largest and most important emerging market economies, appear to be headed in very different directions.
( 23
min )
A guaranteed investment certificate is a deposit investment security that Canadian banks and trust companies sell.
( 19
min )
Women are expected to live longer than men and can accrue higher medical costs over that lifespan. Yet, their health savings account balances on average lag men's by 15%, a new study found.
( 18
min )
Find out what equity research analysts do on a day-to-day basis, and learn more about the typical career progression for these securities professionals.
( 21
min )
The participation rate and unemployment rate are both used to gauge the health of the job market but in completely different ways.
( 23
min )
A wholesale price index (WPI) is an inflation indicator that measures change in the overall price level of goods before they are sold at retail.
( 18
min )
According to some pundits, the unemployment rate can be too low. Read on to find out why they think so.
( 21
min )
Find out how the U.S. Treasury and Federal Reserve create and implement policies to manage the economy and keep it stable.
( 24
min )
Many argue that ending the embargo on Cuba will not only make U.S. consumers happy, but also help Cuba's economy and bring greater freedom to the country.
( 24
min )
Classified Insurance is coverage provided to a policyholder that is considered more risky and thus less desirable to the insurer.
( 19
min )
Cleared funds are the money available in an account that can be used immediately since it has completely transferred to the user's account.
( 20
min )
Valued Policy Law (VPL) is a statute that requires insurance companies to pay the full value of a policy to the insured in the event of a total loss.
( 19
min )
Blanket insurance covers many types of property in one place, the same type of property in many places, or numerous properties in multiple places.
( 18
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Contributory value is the value contributed by a component or part to the total value of the whole.
( 18
min )
Actual total loss is a loss that occurs when an insured property is totally destroyed, lost or damaged to such an extent that it cannot be recovered.
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Personal injury protection (PIP) is a feature of auto insurance that covers medical expenses related to a car accident. It’s also known as “no-fault insurance.”
( 22
min )
Tax cuts, deregulation, and fiscal austerity aren’t necessarily a recipe for economic growth. Here’s why some economists disagree.
( 24
min )
A participating policy is insurance that pays dividends to policyholders. Dividends come from the profits of the insurance company that sold the policy.
( 22
min )
Het aantal modewinkels in ons land is sinds de coronacrisis met 10 procent gedaald. De hardste klappen zijn gevallen bij schoenenwinkels, damesmode en kinderkleding.
( 3
min )
Leiders van 54 Afrikaanse landen komen deze week voor een driedaagse klimaattop bijeen in Kenia. De top moet hun gezamenlijke stem versterken in aanloop naar de VN-klimaattop in november. Die stem verandert wel: Afrika ziet tegenwoordig óók kansen.
( 5
min )
Frankrijk wil net als in Duitsland een ov-kaart voor een vast bedrag per maand invoeren. Daarmee kunnen reizigers maandelijks onbeperkt gebruikmaken van bijvoorbeeld regionale treinen. Dat bevestigde de Franse president Emmanuel Macron maandag.
( 4
min )
Van de overheid geld krijgen voor bijvoorbeeld de aanschaf van een elektrische auto. Zo kennen we de term 'subsidie'. Dat ligt bij fossiele subsidies net even anders. Dit is het verschil.
( 2
min )
Studenten die langer over hun studie doen, komen toch in aanmerking voor een eenmalige energietoeslag als hun ouders een laag inkomen hebben. Dat meldt demissionair minister Carola Schouten van Armoedebeleid maandag.
( 4
min )
Het loket voor het STAP-budget, een potje van de overheid voor studiekosten, gaat op 18 september voor de vierde keer open. Om misbruik te voorkomen kan de subsidie van 1.000 euro alleen voor erkende opleidingen worden aangevraagd.
( 4
min )
Holland Norway Lines, dat met een veerboot overtochten naar Noorwegen aanbiedt, vaart niet meer naar het Noorse Kristiansand. De rederij is maandag failliet verklaard door de rechtbank.
( 4
min )
Het aantal huishoudens met een huurachterstand bij een woningcorporatie groeide met bijna 4 procent in 2022 ten opzichte van een jaar eerder. Ook klopten meer huurders bij de corporaties aan voor een betalingsregeling.
( 3
min )
Big Bazar krijgt van de rechter niet de tijd om met schuldeisers tot een akkoord te komen. Daardoor is de kans groot dat de koopjesketen dinsdagochtend failliet wordt verklaard, zegt Oscar van Oorschot, de advocaat van Big Bazar.
( 4
min )
Het loket voor het STAP-budget, een potje van de overheid voor studiekosten, gaat 18 september voor de vierde keer open. Om misbruik te voorkomen kan de subsidie van 1.000 euro alleen voor erkende opleidingen worden aangevraagd.
( 3
min )
De Turkse president Recep Tayyip Erdogan zegt vertrouwen te hebben in een snelle herstart van de graandeal. Hij sprak maandag met de Russische president Vladimir Poetin, die het akkoord in juli liet klappen.
( 4
min )
Big Bazar krijgt van de rechter niet de tijd om met schuldeisers tot een akkoord te komen. Daarmee is een faillissement van de koopjesketen dichterbij.
( 3
min )
Twee voetgangers kwamen zaterdagavond om het leven vanwege een aanrijding door een bestelbus. De bestuurder reed na het ongeluk door. Op ons reactieplatform NUjij vroegen lezers zich af: wat zijn de regels als je doorrijdt na een ongeval?
( 3
min )
Holland Norway Lines, dat met een veerboot overtochten naar Noorwegen aanbiedt, vaart niet meer naar het Noorse Kristiansand. De rederij is maandag failliet verklaard door de rechtbank.
( 3
min )
Voor mensen met een gat in hun hand, voor wie de maand altijd net te lang duurt en voor diegenen die door de duurdere boodschappen moeilijker rondkomen: voor hen vroeg NU.nl aan twee experts hoe je toch een spaarpotje kunt opbouwen.
( 5
min )
De prijzen in Turkije waren vorige maand gemiddeld 59 procent hoger dan een jaar eerder. Dat is een groter verschil dan de 48 procent in juli.
( 4
min )
Klanten van Eneco kunnen binnenkort dynamische contracten afsluiten. Daarbij wisselen de stroomtarieven per uur en geldt voor gas dagelijks een andere prijs. Eneco is de eerste van de grote energiemaatschappijen die zo'n contract aanbiedt.
( 3
min )
Steeds meer instellingen voor ouderenzorg zitten in financiële moeilijkheden. Als er niets verandert, zijn faillissementen volgens accountantskantoor BDO onvermijdelijk.
( 4
min )
Klanten van Eneco kunnen binnenkort dynamische contracten afsluiten, waarbij de stroomtarieven per uur wisselen en voor gas dagelijks een andere prijs geldt. Eneco is de eerste van de grote energiemaatschappijen die zo’n contract aanbiedt.
( 3
min )
Kun jij een maand zonder Google? Die kans is erg klein. Het techbedrijf is overal aanwezig met zijn producten en diensten. Dat is bijzonder, want het bedrijf viert maandag 'pas' zijn 25e verjaardag.
( 4
min )
De Nederlandse overheid loopt nog meer geld mis door fossiele subsidies dan tot nu toe werd gedacht. Dat stellen drie grote milieuorganisaties na onderzoek in samenwerking met de TU Eindhoven. In totaal gaat het om 37,5 miljard euro per jaar.
( 4
min )
Kun jij een maand zonder Google? Die kans is erg klein. Het techbedrijf is overal aanwezig met zijn producten en diensten. Dat is bijzonder, want het bedrijf viert maandag 'pas' zijn 25e verjaardag.
( 4
min )
Bedrijven kunnen nu al moeilijk aan personeel komen, maar uitkeringsinstantie UWV verwacht dat vergrijzing dit de komende jaren nog verergert. Vooral na 2025 zijn er structureel te weinig mensen beschikbaar. Digitalisering, arbeidsmigranten en werken na het pensioen kunnen dit oplossen.
( 5
min )
(Bloomberg) -- Albemarle Corp. sweetened its takeover offer for Liontown Resources Ltd. to $4.3 billion as the world’s top lithium producer stepped up efforts to expand its footprint in hard rock-based assets.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneCovid Is Back. I
( 31
min )
Country Garden's deal with creditors for an extension on onshore debt payments worth 3.9 billion yuan ($537 million) has brought the developer and China's crisis-ridden property sector some much-needed respite. But while investors in the company and China economy-watchers alike may be heaving sighs of relief, it remains to be seen whether a raft of government stimulus measures will soon help revive demand and ease the sector's cash squeeze. The financial woes of China's top private developer have only further highlighted the fragile state of the country's real estate industry which accounts for roughly a quarter of the economy and has been in dire debt straits since 2021.
( 32
min )
Australia's Liontown Resources said on Monday it recommended a revised takeover offer from U.S.-based Albemarle Corp valuing the company at A$6.6 billion ($4.26 billion). The new offer price is A$3 per share, higher than A$2.5 the company received in March. ($1 = 1.5504 Australian dollars)
( 31
min )
The demands that a more combative United Auto Workers union has pressed on General Motors, Stellantis and Ford — demands that even the UAW's own president calls “audacious” — are edging it closer to a strike when its contract ends Sept. 14. The automakers, which are making billions in profits, have dismissed the UAW's wish list.
( 36
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Beijing has pushed renminbi as alternative global currency to dollar
( 8
min )
First, let’s start with Autopilot, Tesla’s advanced driver assistance system (ADAS). As part of an ongoing investigation into the ADAS after a series of Teslas crashed into emergency vehicles, the National Highway Traffic Safety Administration (NHTSA) is requesting more info from the automaker. The NHTSA said this could “lead to greater driver inattention and failure of the driver to properly supervise Autopilot.”
( 35
min )
Stock and bond markets will be closed Monday for Labor Day. Then, earnings reports from Zscaler, Gitlab, and Kroger. Plus, Services PMI data, the Fed's Beige Book, and more.
( 22
min )
Homeowners are facing a “cost of owning crisis” as rapidly falling house prices push tens of thousands into negative equity.
( 31
min )
Disney wants to narrow the scope of its federal lawsuit against Gov. Ron DeSantis to just a free speech claim that the Florida governor retaliated against the company because of its public opposition to a state law banning classroom lessons on sexual orientation and gender identity in early grades. Disney on Friday asked a federal judge for permission to file an amended complaint focusing just on the First Amendment claim and leaving to another, state-court lawsuit questions about the legality of agreements the company signed with Disney World's governing district, then-made up of Disney supporters. The agreements were signed before DeSantis and the GOP-controlled Florida Legislature took over the governmental body in the spring.
( 32
min )
Toll Brothers (TOL) shares have jumped 68% in 2023. This uptrend is being powered by mega demand for the stock.
( 32
min )
Lattice Semiconductor Corp. (LSCC) shares have jumped 50% in 2023. This uptrend is being powered by mega demand for the stock.
( 32
min )
The U.S. regains its lead in global natural gas production, setting a new record high in 2022, even as consumption grows and exports increase.
( 33
min )
A new study suggests that “investors overvalue the pleasure” of tax-exemption.
( 27
min )
After beginning the year at record levels, global events have caused market volatility to jump and equities to fall. The S&P 500 Index is experiencing its first major correction since 2020, so investors are understandably looking to safeguard their assets. … Continue reading → The post Schwab Says This Can Double Your Retirement Savings appeared first on SmartAsset Blog.
( 32
min )
Tesla raised the price for a newer version of the Model 3 sedan, but they dropped the price of something else that might have investors confused.
( 22
min )
After the Labor Day holiday, investors will kick off the first week of September with a host of earnings and Goldman's technology conference featuring the world's biggest AI players.
( 32
min )
Summer is shifting into fall, and winter won’t be far behind, followed by the holidays and the New Year – and already, investors are thinking about finding the best stocks to shape up their portfolios for 2024. Meanwhile, the analysts at Goldman Sachs have been busy curating their ‘top picks’ for the coming year. Goldman Sachs’ Top Picks give investors a useful pointer toward solid stock choices, but they aren’t the only one. Another comes from the Smart Score, an AI-driven, algorithm-based data
( 36
min )
For many beer drinkers, 2023 has been a depressing year.
( 32
min )
This week in Borderlands: Solar panel maker building $1B factory in New Mexico; McMaster-Carr to open $360M distribution center in Fort Worth; Startup Aircon raises $3.3M in seed funding; and Texas-based Ever.Ag acquires logistics platform. The post Borderlands: Solar panel maker to build $1B factory in New Mexico appeared first on FreightWaves.
( 32
min )
(Bloomberg) -- Saudi Arabia’s sovereign wealth fund is set to create a new steel giant with the acquisition of the metals unit of chemicals maker Saudi Basic Industries Corp. for an enterprise value of 12.5 billion riyals ($3.3 billion).Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneCovid Is Back. Is It Time to Pull Out Our Masks Again?BMW Unwraps Next-Generation EV to Take on Tesla, China’s BYDJimmy Buffett, Singer Who Spun Margaritas Into Gold, Dies
( 31
min )
Softbank’s lofty ambitions for chip maker Arm have fallen short. Now the market is about to issue its verdict on the deal.
( 26
min )
The gap between federal spending and revenue is widening, but not for reasons that stimulate the economy.
( 25
min )
(Bloomberg) -- Swiss luxury watchmakers who’ve weathered the rise of smartwatches, a pandemic and the highest inflation in decades say they’re worried about a new threat: the strong franc.Most Read from BloombergDiamond Prices Are in Free Fall in One Key Corner of the MarketMercedes Bets on Range Boost in Swipe at Tesla’s EV LeadershipBurning Man Death Under Probe With Thousands Still StrandedTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneCovid Is Back. Is It Time to Pull Out
( 31
min )
Thousands of companies have added Roth 401(k)s to their retirement plans. Getting the math right is proving tricky.
( 26
min )
(Bloomberg) -- Oil’s having a rocky year, swung by jitters over China’s slowdown, OPEC+ supply cuts, and the fallout from the Federal Reserve’s tightening campaign. The tensions wrongfooted many traders as prices sank, then recovered. Now, what comes next is up for debate in Singapore.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneJimmy Buffett, Singer Who Spun Margaritas Into Gold, Dies at 76BMW Unwraps Next-Generation EV to Take on Tesla, China’s BYD
( 33
min )
What does an equity research analyst do on an everyday basis?
( 20
min )
This controversial monetary policy has been used by some of the world's most powerful economies. But does it work?
( 23
min )
The financial account is a component of a country’s balance of payments that outlines the net increases and decreases in ownership of a country’s assets.
( 19
min )
Learn how to interpret the relationships between price, volume, and open interest in the options and futures markets.
( 23
min )
If you have federal student loans, you have several repayment options. An IDR plan allows you to make payments based on your income and family size, ensuring you pay what you can afford.
( 23
min )
A quantity discount is an incentive offered to buyers that results in a decreased cost per unit of goods or materials when purchased in bulk.
( 18
min )
The debate rages on about whether insider trading is good or bad for financial markets. Some want it to be legal, and others want it to stay a crime.
( 23
min )
Don't let your outdated resume prevent you from getting the job of your dreams.
( 22
min )
Personal Income and Outlays is a report produced by the Bureau of Economic Analysis that tracks personal income and monthly spending.
( 19
min )
Before going after that internship, discover the steps you can take to increase your chances of landing a position.
( 24
min )
Either an MBA or a CFA can get you in the door, but an MBA from a prestigious B-school could give you an edge.
( 19
min )
A telex release is a convenient option for shippers who do not need original documents for their accounting or legal records.
( 21
min )
According to the Ricardo-Barro effect, also known as Ricardian equivalence, increased debt-financed government spending leaves demand unchanged.
( 19
min )
Overcrowding, staffing shortages, and widespread cancellations are hobbling air travel at a time that industry analysts had hoped would deliver a return to normalcy.
( 21
min )
The Federal Reserve's open market operations—the purchase or sale of government bonds and other securities—can push interest rates and the money supply lower or higher.
( 25
min )
While artificial intelligence could supplant some occupations, it could also help bridge labor shortages. Slower AI adoption would give the labor market time to transition, a report concludes.
( 19
min )
An associate in claims (AIC) is a professional designation for professionals with enhanced skill training to handle different types of claims.
( 18
min )
The neoclassical growth theory is an economic concept where equilibrium is found by varying the labor amount and capital in the production function.
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The average American now spends close to $13,000 a year on healthcare, and the costs are still rising. But why?
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Kredietverstrekkers gebruiken vanaf 4 september strengere leennormen. Dit betekent dat we minder kunnen lenen om bijvoorbeeld een auto te kopen.
( 3
min )
Indonesië wil buitenlandse investeerders aantrekken door zogenoemde gouden visa te verstrekken. Afhankelijk van de hoogte van het geïnvesteerde bedrag kunnen geldschieters voor een bepaalde periode van meerdere jaren in het land verblijven.
( 3
min )
Advocaat Bénédicte Ficq doet maandagochtend namens ruim 2.600 mensen aangifte tegen chemisch bedrijf Chemours in Dordrecht. Zij beschuldigen de leidinggevenden van de fabriek ervan jarenlang met opzet giftige stoffen te hebben geloosd. Dit zijn de vijf belangrijkste vragen en antwoorden.
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A hurdle rate is the minimum rate of return a project or investment must achieve before the manager or investor approves a predetermined condition.
( 26
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Structural unemployment is difficult to measure, but there are hints in the data that the spike in unemployment following the crisis was not purely cyclical.
( 23
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Most of the healthcare issues can be solved without too much effort, but it is important to plan ahead to avoid gaps in coverage.
( 22
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Learn what a recession is, what an economy in a recession looks like, and why the unemployment rate tends to rise during a recession.
( 27
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Defaults on student loans happen all the time and they can have substantial consequences on a borrower's financial future, but legislation pends to help out.
( 23
min )
Life insurance and annuities allow individuals to invest on a tax-deferred basis, but how they pay policyholders is different. Learn how each works.
( 27
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Roll rate refers to the percentage of credit card users who become increasingly delinquent on their accounts.
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Learn about the price elasticity of supply, the law of supply, and why a price change can alter the pricing of goods in an economy.
( 23
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There are several student loan repayment options you can choose from to pay off your debt. Learn what they are and how to pick the right one for you.
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A base year is the first of a series of years in an economic or financial index. Base years are also used to measure the growth of a company.
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Bitcoin has a strong presence in these 10 cities, as indicated by the number of ATMs that dispense it and merchants who accept it.
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A gatekeeper is an individual or institution that regulates access to medical care. It's a set of requirements for receiving payouts in long-term care insurance.
( 23
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ISO 14000 is a set of standards created to help businesses manage their environmental impact.
( 23
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Current transfers are current account transactions in which a resident entity in one nation provides a non-resident entity with an economic value.
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min )
The Commerce Secretary overseas a vast business and commerce engine that drives the US economy.
( 21
min )
Federal student loans can be subsidized or unsubsidized. Both types have to be paid back with interest, but the government makes some interest payments on subsidized loans.
( 27
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Cybersecurity company CrowdStrike (CRWD) posted solid earnings for the fiscal quarter ended July 31, driven by the robust performance of its AI-powered Falcon platform.
( 17
min )
Ashton Kutcher’s venture capital firm, Sound Ventures LLC, is among the investors for open source AI company, Hugging Face. Kutcher has a net worth of $200 million thanks to acting and investing.
( 18
min )
Spending on Beyoncé’s Renaissance Tour, Taylor Swift’s Eras Tour, and movie tickets for the summer’s hit films Barbie and Oppenheimer is expected to add about $8.5 billion to the economy in Q3 of 2023, according to a report by Morgan Stanley.
( 18
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A collateralized borrowing and lending obligation (CBLO) is a financial instrument offered in which financial entities can secure short-term loans by providing collateral.
( 22
min )
Cash and cash equivalents are the first items on a company's balance sheet, but they are not same.
( 25
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Every taxpayer is required to pay their share to fund Medicaid and Medicare. Here's what it costs Americans and what you can expect to pay.
( 28
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A home inventory crunch has pushed prices higher - and that's kept Americans sidelined and forced real estate investors to pull back on spending.
( 32
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(Bloomberg) -- For the first time since the Federal Reserve started raising interest rates almost 18 months ago, the labor market is showing enough cracks to embolden some of the world’s largest bond investors to bet that the tightening cycle is finally ending.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneJimmy Buffett, Singer Who Spun Margaritas Into Gold, Dies at 76Saola Departs Hong Kong After Bringing Destructive WindsBMW Unwraps Next-Generation E
( 34
min )
(Bloomberg) -- Regional banks are poised to return to the debt markets in the biggest wave since June to meet new capital requirements in response to the failures of Silicon Valley Bank and Signature Bank.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneCovid Is Back. Is It Time to Pull Out Our Masks Again?BMW Unwraps Next-Generation EV to Take on Tesla, China’s BYDJimmy Buffett, Singer Who Spun Margaritas Into Gold, Dies at 76Diamond Prices Are in Free
( 34
min )
Robinhood bought back 55 million shares owned by SBF's Emergent Fidelity Technologies after four parties laid claim to the stock.
( 31
min )
I insisted for years that a seasonal pattern doesn’t exist for stocks. A recent study has changed my mind.
( 23
min )
The singer, author, and entrepreneur built an enormous business empire valued at several hundred million dollars.
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For most fund categories, the answer is yes, according to new research.
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Cybersecurity company CrowdStrike (CRWD) posted solid earnings for the fiscal quarter ended July 31, driven by the robust performance of its AI-powered Falcon platform.
( 18
min )
Buc-ee's is expanding beyond its Southern stronghold, here's where it's coming to and what to check out.
( 31
min )
Tiger 'cub' Chase Coleman III's firm backed the equivalent of a startup a day in 2021 at wild prices, helping inflate a venture bubble. Now the firm is facing a reckoning.
( 40
min )
The call answer rate on the main IRS line for taxpayers wanting to speak to a person rose to 87% during this tax filing season from 15% last year
( 22
min )
Long before quiet quitting, boomers rejected "working for the man," says UNC sociologist Arne Kalleberg, "which is exactly what’s happening now."
( 34
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Dipak Gupta, currently the joint managing director, will carry out the chief executive duties until Dec. 31, the bank added. Kotak's resignation comes four months ahead of his planned retirement at the end of this year. In the meantime, the bank has already made an application for the new managing director to India's central bank.
( 31
min )
(Bloomberg) -- The history of commodity markets is littered with fraud and risk, and the opaque trade in scrap metal is no exception. But even veterans with decades of experience say they’ve never seen anything like the scam now rocking one of the world’s top copper recyclers.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsTesla Refreshes Model 3 and Slashes Prices of Top-End CarsSingapore Votes fo
( 34
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Starting next year, 529 investors will have more flexibility in rolling leftover money into Roth IRAs.
( 25
min )
These companies will fare well even if the Federal Reserve keeps interest rates high for a while.
( 22
min )
(Bloomberg) -- Europe’s stagflation crisis and a property downturn in China are flashing a familiar message: for equity investors, there is no real alternative to the US stock market.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsTesla Refreshes Model 3 and Slashes Prices of Top-End CarsSingapore Votes for President in Test of Ruling Party’s SwayMohamed Al Fayed, Tycoon Who Clashed With Royals, Di
( 34
min )
Walmart spent $3.5 billion this year to acquire shares from certain Flipkart stakeholders and resolve liabilities with some PhonePe shareholders, illustrating just how aggressively it's betting on India at a time when its chief global rival Amazon is scaling back on its expenditures in the South Asian market. The $3.5 billion spending took place in the first six months of 2023, Walmart disclosed in an SEC filing Friday. Walmart's ownership in Flipkart now stands at about 80%.
( 31
min )
Steady hiring and robust consumer spending offer the latest evidence that the government’s policy responses to the pandemic made the economy surprisingly strong.
( 28
min )
The Federal Reserve’s rate increases have raised the income from money-market funds 300 times, but its own losses are about to hit $100 billion, writes Allan Sloan.
( 22
min )
Fry's Sunnyvale store site is about to have a new owner.
( 21
min )
The company put $30 million on the table, but a controversial Texas Two-Step is walling off more than $1 billion in revenue from creditors.
( 34
min )
De Europese Centrale Bank (ECB) zal de rente waarschijnlijk nog verder verhogen in de strijd tegen de hoge inflatie voordat een pauze wordt genomen. Dat zei de Belgische centralebankpresident Pierre Wunsch op het Belgische Radio 1.
( 3
min )
De handel tussen Italië en China is niet zo sterk verbeterd als was gehoopt door de Italiaanse deelname aan de zogeheten Nieuwe Zijderoute vier jaar geleden. Dat zei de Italiaanse minister van Buitenlandse Zaken Antonio Tajani kort voor vertrek naar China.
( 3
min )
De Britse regering is dicht bij een overeenkomst over een steunpakket van 500 miljoen pond, omgerekend 584 miljoen euro, voor Tata Steel. Het bedrijf is eigenaar van de grootste staalfabrieken van het Verenigd Koninkrijk.
( 3
min )
Winkeliers in Pakistan hebben zaterdag door het hele land hun winkels gesloten uit protest tegen de sterk gestegen prijzen van elektriciteit en brandstof. In grote steden als Lahore, Karachi en Pesjawar waren ook markten dicht.
( 3
min )
De Duitse autofabrikant BMW heeft zaterdag zijn nieuwe concept voor elektrische auto's gepresenteerd, de zogenoemde 'Vision Neue Klasse'.
( 4
min )
Natuurherstel staat de komende tijd hoog op de Europese agenda. Ook in steden en dorpen moet de natuur terugkomen; de biodiversiteit moet omhoog. Maar hoe brengen we het groen terug tussen het grijs?
( 5
min )
Sinds juni kunnen consumenten hun energieprijzen weer makkelijk voor langere tijd vastzetten, en dat deden ze massaal. Toch wacht een meerderheid nog met een vast contract. De groep met een variabel tarief is veel groter dan voor de energiecrisis.
( 6
min )
Vanaf dit najaar zijn de meeste eieren in de schappen van Albert Heijn wit in plaats van bruin. Ook bij Jumbo tref je steeds meer witte eieren aan. De witte eieren zouden duurzamer zijn, maar pluimveehouders zijn sceptisch.
( 4
min )
J&J plans to maintain its quarterly dividend even after separating its Kenvue business. It didn't have to do that to keep its status as a Dividend Aristocrat.
( 22
min )
Customers of Arm Holdings Ltd including Apple Inc, Nvidia Corp, Alphabet Inc and Advanced Micro Devices Inc are set to invest in the chip designer's initial public offering, according to people familiar with the matter. Intel Corp, Samsung Electronics Co Ltd, Cadence Design Systems Inc and Synopsys Inc are also being lined up as investors for the offering, the sources added.
( 32
min )
(Bloomberg) -- SoftBank Group Corp. has lined up some of Arm Ltd.’s biggest customers as strategic investors for the chip company’s initial public offering, including Apple Inc., Nvidia Corp., Intel Corp. and Samsung Electronics Co., according to people familiar with the situation.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsTesla Refreshes Model 3 and Slashes Prices of Top-End CarsSingapore Vot
( 33
min )
The increasingly constrained global supplies of fossil fuels like oil, coal, and natural gas will affect prices and create economic and social challenges.
( 42
min )
This could be a balmy month for markets as corporate earnings look poised for liftoff and profit margins expand.
( 22
min )
(Bloomberg) -- Carvana Co. has completed its debt restructuring with a majority of creditors agreeing to participate in the deal, slashing about $1.3 billion of debt and saving the company more than $455 million of interest expense annually over the next two years. Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Departs Hong Kong After Bringing Destructive WindsTesla Refreshes Model 3 and Slashes Prices of Top-End CarsSingapore Votes for President
( 32
min )
It replaces Lincoln National in the popular index.
( 22
min )
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The three-and-a-half-year reprieve on interest for federal student loan borrowers came to an end Friday—but borrowers have new options to avoid it.
( 20
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(Bloomberg) -- Private equity giant Blackstone Inc. is the latest addition to the S&P 500 Index, the first alternative asset manager to join the equity gauge. Airbnb Inc. is added as well.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Weakens After Bringing Destructive Winds to Hong KongTesla Refreshes Model 3 and Slashes Prices of Top-End CarsSingapore Picks Tharman as President in Ruling Party BoostEurope's Biggest Oil Company Quietly Shelves a
( 32
min )
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Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. More than 40 CDs are paying rates of 5.50% or more
( 21
min )
Wells Fargo & Co. is cutting more than 300 jobs in one area of the bank where cutbacks may be good news — complaints and remediations.
( 21
min )
Liquidity problems at two immensely large Chinese companies with real estate holdings are adding to concern that a bubble in Chinese property values could burst and spray the rest of the world with financial contagion. The two Chinese companies’ cash shortage hasn’t triggered a crisis like the one that erupted 15 years ago in the United States and that disrupted the global economy, after a wave of home foreclosures flattened the value of subprime mortgage-backed securities that Lehman and other banks held.
( 38
min )
The accumulation by BTC whales suggests optimism among large investors, IntoTheBlock’s head of research noted.
( 32
min )
Shares of Dell jumped Friday, closing 21% higher. Street-beating quarterly per-share earnings and revenue, reported Thursday night, helped, but enthusiasm about the outlook for AI-related business fanned the flames.
Dell's stock finished at a record high, $68.19, according to Dow Jones Market Data,
( 23
min )
Shares of the hydrogen fuel cell company Plug Power (NASDAQ:PLUG) have been kind of on the fritz lately, experiencing a decline of about 35% in August. The August 9 earnings report, which indicated Plug’s sales had risen by a robust 72%, also revealed losses that were 50% worse than what analysts had expected – a factor that contributed to the decline in the company’s stock. And yet, one analyst isn’t quite ready to throw in the towel on Plug just yet. In a note out Monday, Jefferies’ Dushyant A
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Walgreens Boots Alliance shares tumbled to levels not seen in almost a quarter century after CEO Rosalind Brewer stepped down after less than three years at the helm.
( 18
min )
Graham, a longtime board member, is running the company alongside an interim CFO.
( 34
min )
Chinese electric car company Nio Inc. (NYSE:NIO) would really like to become the Tesla (NASDAQ:TSLA) of China one day. But if this week’s earnings report is any guide, Nio still has miles to go before it reaches its destination. Reporting its Q2 2023 financial results Tuesday morning, Nio managed to miss pretty much every goalpost that Wall Street had set for the company. On sales, Street analysts had hoped Nio would report RMB9.2 billion, but the most Nio could scratch together was RMB8.8 billi
( 33
min )
Buffett and Ramaswamy are both bargain hunters with a taste for holding companies, who worry about the clash between business and social issues.
( 32
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LPG, BRY, RC, CALM, and FRO have the highest forward dividend yields of stocks in the Russell 3000.
( 24
min )
People following early retirement plans like the popular Financial Independence, Retire Early (FIRE) approach have a new ally in their arsenal — ChatGPT. The leading artificial intelligence (AI) language model gives people an array of personalized tools to help them prepare for early retirement. It also can guide them on where to live and how to stay engaged during their lengthy golden years. If someone needs some extra cash to fund their lifestyle, they can also use ChatGPT to make some side mo
( 32
min )
Louisville Ford workers vote in favor of potential strike, which looms less than two weeks away. Find out what the union chief thinks about Ford's latest offer.
( 23
min )
Shares of Tesla fell Friday, pulled lower by concerns about the pricing on an updated vehicle and competition in China.
The electric automaker's stock was recently down more than 5%, among the S&P 500's worst performers, though it's up more than 3% this week. The company today unveiled a refreshed
( 23
min )
The warrants, which can be exercised starting Sept. 13, offer an opportunity for a gain of more than $11.50 a share. At least in theory.
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Top defense stocks for Q3 based on value, growth, and performance include TGI, CAE, and EH.
( 23
min )
In order to achieve financial success, it's important to make smart decisions with your money. Jaspreet Singh, widely known as ‘Minority Mindset’ on YouTube, is a respected expert in financial planning who is dedicated to spreading financial knowledge and helping people reach their financial goals. Through his brand Minority Mindset, Singh has positively impacted many lives by providing free financial newsletters through Market Briefs and educating people about investing through the Market Insid
( 32
min )
China's BYD and Tesla are well placed to grow their market share through to 2030. European car manufacturers Volkswagen and Renault are in trouble, according to UBS.
( 23
min )
Bullish Momentum From Grayscale’s Legal Victory On Tuesday Gives Way To Regulatory Pessimism
( 33
min )
↘️ Tesla (TSLA): The electric-vehicle maker's shares fell 3.5% in morning trading after it [unveiled a new Model 3 with a steeper price tag](https://www.wsj.com/business/autos/tesla-unveils-new-model-3-in-china-with-longer-rangeand-a-steeper-price-t
( 24
min )
When it comes time to start taking your retirement income, you'll hopefully have an array of options available to you. Just be sure to avoid these mistakes.
( 32
min )
(Bloomberg) -- BlackRock Inc.’s chief investment officer for global fixed income, Rick Rieder, said the cooling labor market supports speculation that the Federal Reserve is done raising rates, making bonds more appealing than they have been in months. Most Read from BloombergEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintHong Kong Slammed by Saola, Biggest Typhoon Since 2018Hong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were
( 33
min )
"Taylor Swift: The Eras Tour" concert film hit $26 million in ticket sales on Thursday, crushing AMC's previous single-day sales record.
( 22
min )
U.S. crude oil stocks have fallen to their lowest level this year and likely will shrink further, analysts said, as record demand, producer supply cuts, weaker futures and rising storage costs all point to increasing drawdowns. A tight crude market is poised to extend into 2024 and add upward pressure on global oil prices, they said. In a bullish sign, U.S. inventories last week dropped 10.6 million barrels, hitting the lowest level since December 2022's 420.65 million barrels.
( 32
min )
Shares of Eos Energy are up more than 35% Friday after the Energy Department committed to loan the battery storage startup nearly $400 million to manufacture its zinc batteries.
It's the latest boost for Eos, which was battered by high costs, production challenges and skepticism from short sellers
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min )
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Top cannabis stocks for Q3 based on value, growth, and performance include CRLBF, TLRY, and TSNDF.
( 21
min )
Warner Bros. Discovery CEO David Zaslav has a big salary and a big task at the parent company for CNN and Max: turning around a media giant saddled with high debt and multiple challenges
( 45
min )
Rosalind Brewer has stepped down less than three years after taking the helm of the pharmacy operator.
( 26
min )
The CEO of Walgreens Boots has stepped down after less than three years at the helm of the drug store chain. Walgreens Boots Alliance confirmed Rosalind Brewer's exit Friday. According to the Illinois company, the board of directors and Brewer “mutually agreed” to her resignation effective Thursday.
( 31
min )
It seems that the August market swoon bottomed out two weeks ago, and since then, stocks have regained about half of this month’s losses. This shift has given a renewed boost to investors’ positive sentiment, which has run high throughout the year and fueled a strong rally. However, there are still headwinds in the wings. Writing from Raymond James, CIO Larry Adam points out that while inflation has decreased, its uncertainty remains, and fiscal dynamics are likely to increase pressure on the ge
( 35
min )
Robinhood said on Friday it had entered into a share repurchase agreement with the United States Marshal Service(USMS) to buy back stock from Sam Bankman-Fried's Emergent Fidelity Technologies. The shares of Robinhood were seized and subsequently transferred to the custody of the U.S. government after Bankman-Fried's FTX and Emergent filed for bankruptcy protection last year.
( 31
min )
Broadcom was expected to be one of the biggest beneficiaries of the artificial intelligence (AI) boom, behind trailblazer Nvidia, but the company's exposure to sluggish segments such as smartphones, telecoms gear and non-AI servers is impeding growth. "Off the back of Nvidia's blowout earnings update, anything less than stellar is being seen as disappointing," said Danni Hewson, head of financial analysis at AJ Bell.
( 31
min )
After Grayscale’s legal win, the SEC decided to postpone its decision on spot Bitcoin ETF applications. Will these proposals be greenlit? And when?
( 34
min )
Walgreens Boots Alliance Chief Executive Rosalind Brewer has stepped down less than three years after taking the helm of the pharmacy operator.
( 25
min )
(Bloomberg) -- Federal Reserve Bank of Atlanta President Raphael Bostic said the US economy faces a period of some disruption as debts are refinanced at significantly higher interest rates, putting some pressure on both financial institutions and the government.Most Read from BloombergEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin M
( 31
min )
(Bloomberg) -- Brittle financial markets and their vulnerability to swings in data are troubling observers gathered by Lake Como just as investors take fright at the prospect of stagflation in Europe.Most Read from BloombergTesla’s $41,000 Model X Discount Unlocks Subsidies Musk Wanted GoneSaola Weakens After Bringing ‘Destructive’ Winds to Hong KongSingapore Picks Tharman as President in Ruling Party BoostTesla Refreshes Model 3 and Slashes Prices of Top-End CarsEurope's Biggest Oil Company Qui
( 33
min )
(Bloomberg) -- Saudi Arabia’s crude exports fell sharply in August as the kingdom leads an effort by the OPEC+ alliance to curb production and bolster oil prices.Most Read from BloombergEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Mercenary EmpireIndia-China Tensions Threaten to Leave Modi Empty-
( 32
min )
"The clear threat is that many struggling households may soon find their credit cards are being maxed out and they can’t obtain more credit."
( 32
min )
FedEx’s 2024 rate increases highlight the many moving parts that UPS will need to manage. The post With FedEx GRI in books, ball now in UPS’ court appeared first on FreightWaves.
( 34
min )
Palantir stock had a rough August. It seems AI hype can only take you so far.
( 22
min )
Bullish investors poured money into tech stocks for the 10th straight week, the longest streak in two years BofA Global Research said, while U.S. Treasuries are set for their worst yearly performance since the Declaration of Independence. There were a net $10.3 billion of inflows into equity funds in the week to Wednesday, with investors putting $5.1 billion into tech stocks, the most since May, and $4.9 billion into emerging market stocks, BofA said on Friday, citing data from provider EPFR. Investors have been buying stocks on increasing hopes that the U.S. economy will achieve a soft landing - slowing enough to bring inflation back to the Federal Reserve's target, but not dramatically.
( 32
min )
(Bloomberg) -- Jon S. Corzine’s critics are making a renewed effort to halt the comeback attempt of the former head of MF Global Holdings more than a decade after the derivatives brokerage imploded and about $1 billion in customer money went missing.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seiz
( 33
min )
I am in a quandary about how to invest $750,000 that’s in my 401(k). I'm 67 years old, retired and I have not started taking Social Security yet. What is the best way to preserve this money for the rest of my life that doesn't have high fees? -Terry As you know, the big challenge […] The post Ask an Advisor: I’m 67 with $750K in a 401(k). How Can I Preserve This Money for the Rest of My Life? appeared first on SmartReads by SmartAsset.
( 35
min )
Combined deliveries from Li Auto, NIO, and XPeng total more than 68,000 units in August, a record month, and up from about 25,000 units a year ago.
( 23
min )
Adjusted second-quarter earnings from Dell Technologies soundly top analysts' estimates, Broadcom's revenue guidance for its fiscal fourth quarter is in line with Wall Street forecasts, Tesla unveils a revamped Model 3 with a longer range, and Nutanix issues strong fiscal first-quarter sales guidance.
( 23
min )
The stock was falling in premarket trading on Friday, with investors seemingly disappointed by its earnings.
( 23
min )
(Bloomberg) -- The Federal Reserve may very well be done hiking rates for now, but US stocks still face a pullback from the risk of a hard economic landing, according to Bank of America Corp. strategists.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Mercenary EmpireEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintUBS Flag
( 32
min )
(Bloomberg) -- Europe’s top copper producer Aurubis AG warned it may face losses in the hundreds of millions of euros after being hit by a massive metal theft, and no longer expects to meet its profit forecast for the year.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EnginePutin Moves to Seize Control of Wagner’s Mercenary EmpireEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbo
( 32
min )
(Bloomberg) -- Samsung Electronics Co. leapt more than 6% on speculation the company has won the right to compete with arch-foe SK Hynix Inc. to supply advanced memory chips to AI leader Nvidia Corp.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EngineEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintPutin Moves to Seize Control of Wagner’s Mercenary EmpireUBS Flags Cos
( 31
min )
(Bloomberg) -- Samsung Electronics Co. leapt more than 6% on speculation the company has won the right to compete with arch-foe SK Hynix Inc. to supply advanced memory chips to AI leader Nvidia Corp.Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EngineEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintPutin Moves to Seize Control of Wagner’s Mercenary EmpireUBS Flags Cos
( 31
min )
Dollar General and Dollar Tree say shoppers are shifting spending toward food and essentials.
( 27
min )
Bitcoin, Ether and other cryptos were down Friday morning. U.S. equities were flat as investors look towards August's jobs report later Friday.
( 32
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While August brought with it a pullback following the market’s strong so far this year, the past few sessions have seen momentum build again. The good news, according to Andrew Slimmon, managing director and senior portfolio manager at Morgan Stanley Investment Management, is that the market’s advance is set to continue. Boosted by the Q3 earnings season, Slimmon sees the S&P 500 nearing the 5,000 mark by the end of the year, which would not only represent an 11% increase from current levels, bu
( 34
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The three-and-a-half-year reprieve on interest for federal student loan borrowers came to an end Friday—but borrowers have new options to avoid it.
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min )
The Big Mac PPP is a survey done by The Economist that examines the purchasing power of various currencies based on the relative price of a Big Mac.
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min )
Disney blocked the ABC Network, ESPN, and other networks on Charter Communications (CHTR)'s Spectrum cable after the two sides couldn’t agree on a contract renewal.
( 17
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Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. More than 40 CDs are paying rates of 5.50% or more
( 19
min )
The Dow Jones finished higher by about 115 points, or 0.3%, on investors optimism that the latest employment report will help prompt the Fed to end its interest rate hikes.
( 17
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U.S. equities opened the month of September with the S&P 500 little changed on Sept. 1, 2023, following the release of data showing the unemployment rate rose more than expected in August
( 17
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Value investors like Warren Buffett select undervalued stocks trading at less than their intrinsic book value that have long-term potential.
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Before signing up for dental insurance, make sure it will cover what you need while avoiding unexpected expenses. Here are four key factors to investigate.
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Many of the top 25 stocks in the S&P 500 by weight are issued by some of the largest and best-known tech firms in the world.
( 22
min )
Walgreens Boots Alliance shares tumbled to levels not seen in almost a quarter century after CEO Rosalind Brewer stepped down after less than three years at the helm.
( 17
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Choosing the best robo-advisor to use can be a challenge. Compare M1 Finance and Merrill Guided Investing to learn which one offers automated investing features right for you.
( 25
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LPG, BRY, RC, CALM, and FRO have the highest forward dividend yields of stocks in the Russell 3000.
( 23
min )
Interest rates tend to fall during recessions for fundamental reasons and as investors start to price in the likely policy response by the central bank.
( 25
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Compare Wealthfront and E*TRADE Core Portfolios, two robo-advisors with low minimum deposits and reasonable fees, to see which one is best for your financial goals.
( 27
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The companies are investing an additional $2 billion into the battery cell manufacturing plant, which will now create 8,500 new jobs over the next eight years.
( 17
min )
Top growth stocks for September include Cabaletta Bio Inc., Reata Pharmaceuticals Inc., and MoonLake Immunotherapeutics.
( 20
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If history can be trusted, stocks may be due for a tumble this month in a phenomenon known as the September Effect.
( 17
min )
Financing grad school can be a daunting task. Learn about the different options to help pay for your graduate degree, including scholarships, grants, and loans.
( 23
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You don’t need your parents to get a student loan. Learn about private and federal student loans to see which loans you may be eligible for.
( 23
min )
Broadcom’s current quarter guidance missed estimates as demand for its chips for smartphones slowed, and the expected strong gains from the artificial intelligence (AI) boom fell short.
( 17
min )
Capital consumption allowance (CCA) is the amount of money a country has to spend each year to maintain its present level of economic production.
( 19
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Finding the right robo-advisor can be difficult. Compare the differences between M1 Finance and E*TRADE Core Portfolios to see which automated investing platform is best for you.
( 27
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Brokerage Robinhood struck a share repurchase agreement with the U.S. Government and bought back $606 million in stock previously owned by the founder of the failed FTX exchange.
( 18
min )
Top defense stocks for Q3 based on value, growth, and performance include TGI, CAE, and EH.
( 22
min )
Historically Black colleges and universities (HBCUs) focus on educating disadvantaged groups and are helping narrow the racial wealth gap.
( 27
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U.S. equities were little changed at midday as the investors considered how the Federal Reserve might react to the jump in the August unemployment rate.
( 16
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Three types of tax systems are used in the U.S.—regressive, proportional, and progressive—two impact high and low-income earners differently, and one is the same for all.
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min )
Shares of Dell Technologies hit an all-time high after the maker of PCs and computer-related services beat earnings expectations and boosted its guidance on booming AI-product demand.
( 17
min )
Here is an economic portrait of the average American consumer, based on recent spending habits.
( 20
min )
Tesla slashed the price of its Model S and Y in China and the U.S. while launching a longer-range Model 3 to compete better in the Chinese market.
( 17
min )
The unemployment rate edged up to 3.8% in August from 3.5% in July, rising from a near-record low to its highest since February 2022, the Bureau of Labor Statistics said Friday.
( 17
min )
A macroeconomic factor is an economic, environmental, or geopolitical event that broadly affects a regional or national economy.
( 21
min )
Learn the basic principles used to calculate personal rates of return on investment portfolios.
( 25
min )
Net revenue grew by 52% in international markets, boosting gross profits by 23% as Lululemon Athletica projects 18% revenue growth for 2023.
( 17
min )
David Ricardo was a classical economist best known for his theory on wages and profit, labor theory of value, theory of comparative advantage, and others.
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British energy group Octopus Energy signed a deal to buy Shell Petroleum's home energy business in the UK and Germany.
( 18
min )
Top cannabis stocks for Q3 based on value, growth, and performance include CRLBF, TLRY, and TSNDF.
( 21
min )
M1 Finance and Wealthfront are two top robo-advisors, but they offer very different services when it comes to automated investing. Learn which one is best for your financial goals.
( 30
min )
ETFs for September with the best 1-month return include PXE, IBML, RISR, BDRY, and UUP.
( 20
min )
If you’re a salaried worker with a desk job earning less than $55,068 a year, a new rule would give you a workplace perk that’s nearly unheard of for white collar workers: overtime pay.
( 18
min )
To buy a median-priced house today, a typical income-earning household would have to shell out 38.3% of their earnings to make the mortgage, the highest percentage since 1984.
( 17
min )
These strategies are used by traders to capitalize on stocks or securities that exhibit high volatility.
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Learn who the top 10 billionaires in the world are and how they built their wealth.
( 33
min )
A curve steepener trade uses derivatives to profit from rising yield differences due to yield curve increases between T-bonds of differing maturities.
( 20
min )
Pay to order refers to negotiable checks or drafts paid via an endorsement that identifies a person or organization the payer authorizes to receive money.
( 24
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The Treasury General Account is the general checking account that the Department of the Treasury uses.
( 25
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Pensioenfondsen staan er nu financieel iets slechter voor dan een maand geleden, concludeert adviesbureau Aon. De gemiddelde dekkingsgraad is gedaald van 122 naar 121 procent. Dat kwam vooral doordat augustus niet zo'n goede maand voor beleggingen in aandelen was.
( 3
min )
De adviesprijs voor 1 liter Euro95 aan de pomp is vrijdag gestegen tot 2,259 euro. Daarmee is de prijs de afgelopen maand verder opgelopen. Op 1 augustus stond de adviesprijs nog op 2,214 euro.
( 3
min )
De handel tussen de Europese Unie en Rusland is behoorlijk afgenomen na de Russische invasie in Oekraïne. Door Europese sancties is vooral de import van Russische goederen fors gekrompen.
( 4
min )
De huizenprijzen gaan volgend jaar weer in de lift, voorspellen onderzoekers van ING Research. Daarmee zijn goedkoper wordende huizen verleden tijd en dat komt vooral door de stijgende lonen.
( 4
min )
Het demissionaire kabinet stelt minder scherpe eisen aan Schiphol. Het jaarlijkse aantal vluchten op het vliegveld hoeft niet terug naar 440.000, maar naar 452.500. Ook hoeft de luchthaven niet te stoppen met nachtvluchten.
( 4
min )
Mannen zijn nog steeds dominant in de bestuurskamers van beursgenoteerde bedrijven. Het aantal vrouwelijke bestuurders blijft steken rond de 15 procent, blijkt uit de Female Board Index 2023.
( 4
min )
Deelnemers aan Burgernet ontvangen voortaan geen sms-berichten meer als iemand wordt vermist of gezocht. De politie gebruikt voortaan de Burgernet-app om de hulp van burgers in te schakelen.
( 3
min )
Ongeveer 226.000 ondernemers hebben op dit moment nog een openstaande coronaschuld bij de Belastingdienst. Zij hebben sinds oktober 2022 een betalingsregeling lopen.
( 3
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Ongeveer 226.000 ondernemers hebben op dit moment nog een openstaande coronaschuld bij de Belastingdienst. Zij hebben sinds oktober 2022 een betalingsregeling lopen voor hun coronabelastingschulden.
( 3
min )
SentinelOne Inc raised its annual revenue forecast on Thursday, riding on resilient adoption of its AI-backed security offerings as macroeconomic fears abate. The cybersecurity company also clarified that it had just canceled a "reselling agreement" with Wiz and their partnership with the startup was still on. Startup Wiz said last week that it was considering a potential bid for SentinelOne, which has struggled to become profitable, after reports that it was considering putting itself up for sale.
( 31
min )
(Bloomberg) -- Broadcom Inc., a supplier of chips to Apple Inc. and a broad swath of the tech industry, gave a disappointing forecast for the current period, signaling that demand remains sluggish for electronic components. Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintUBS Flags Cost Cuts After $29 Billion Credit Suisse WindfallPutin Moves to Seize Control of Wagner’s Merc
( 33
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There are few shares shorted, for good reason.
( 22
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Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. Almost 40 CDs are paying rates of 5.50% or more.
( 20
min )
The SEC has charged a 23-year-old part-time pretzel-shop worker in a $1 million fraud scheme to buy shares of Tesla, GameStop and Nvidia.
( 31
min )
Despite political changes and environmental concerns, Brazil's oil sector, led by Petrobras, is rapidly expanding, aiming to make the country the world's fourth-largest oil producer.
( 34
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The chip maker sees promise in the artificial intelligence trend.
( 22
min )
Revenue in the latest quarter was $2 billion higher than the $20.9 billion consensus forecast among analysts on Wall Street. Guidance topped estimates.
( 22
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August was the stock's worst month all year and ends the longest monthly winning streak since 2014. All hopes are pinned on the new iPhone.
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Warren Buffett, the Oracle of Omaha, has some timeless words of advice for successful investing.
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(Bloomberg) -- It’s been more than five months since Silicon Valley Bank failed, but you wouldn’t know it from looking at bank stocks. Most Read from BloombergHong Kong Shuts Down City Before Super Typhoon Saola HitsFake Spare Parts Were Supplied to Fix Top-Selling Jet EngineEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintPutin Moves to Seize Control of Wagner’s Mercenary EmpireUBS Flags Cost Cuts After $29 Billion Credit Suisse WindfallThe KBW Bank Inde
( 32
min )
Intel CEO Pat Gelsinger says third-quarter revenues are running at the high end of the company's guidance range
( 22
min )
European auto sales increased for the 12th consecutive month, seeing a 17% rise in July, led by growth in Germany, France, and Spain, with electric cars making significant gains.
( 31
min )
Morgan Stanley said that while optimism about artificial intelligence has lifted the stock, the company hasn't said how it will monetize the technology.
( 23
min )
An 87% value wipeout for Chinese developers' dollar bonds is symptomatic of the wider crisis facing the nation's property sector, which has seen 53 companies collapse in about two years.
( 31
min )
A Newton biotech close to the end of its cash runway has been scooped up by a Florida firm.
( 22
min )
AT&T stock could soon move closer to its recent 30-year lows
( 30
min )
The Chinese real estate market is experiencing another potential black swan event as Country Garden, once China's largest property developer by sales, spirals into a crisis that threatens to surpass the impact of China Evergrande Group. The Foshan-based Country Garden is under heightened scrutiny because it oversees four times as many property projects as Evergrande. China's housing slump is exacerbating broader concerns over its economy, with signs of spillover effects ranging from missed payme
( 33
min )
Vivek Ramaswamy's fiercest critic, Yale Professor Jeffrey Sonnenfeld, has studied the presidential hopeful's debate strategies–and his business record.
( 34
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Mortgage rates dropped for a third day. The 30-year average has sunk to its lowest level in three weeks, and most loan types saw a double-digit decline.
( 21
min )
Do you love dividends? Of course you do — and rightly so! Scholars who study the stock market’s historical performance estimate that over time, the payment (and reinvestment, and compounding) of dividends have contributed anywhere from 30% to 90% of the S&P 500’s total returns. Simply put, if you’re not investing in dividend stocks, you’re doing it wrong. Using the TipRanks platform, we’ve looked up two stocks that are offering up to 24% yield – that’s almost 15x higher the average yield found i
( 33
min )
Amazon will release an app in Shopify’s ecosystem, allowing merchants to integrate a 'Buy With Prime' option into a product's page.
( 26
min )
(Bloomberg) -- Exxon Mobil Corp. has shaken off its last bearish rating as a breakneck rally in oil prices spurred Redburn to upgrade the oil major to neutral.Most Read from BloombergHong Kong to Shut Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintUBS Flags Cost Cuts After $29 Billion Credit Suisse WindfallPutin Moves to Seize Control of Wagner’s Mercenary EmpireUS Health Officials Urge Moving Pot to Lower-Risk C
( 31
min )
Palantir downgraded, Shopify upgraded: Wall Street's top analyst calls
( 33
min )
(Bloomberg) -- Kylie Jenner has explored taking back ownership of the cosmetics line she sold to Coty Inc. three years ago, according to people familiar with the matter, a sign of how the relationship between one of the world’s largest beauty companies and one of entertainment’s most famous families has become strained.Most Read from BloombergHong Kong to Shut Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical Plan to Shrink Its Carbon FootprintUBS Fl
( 32
min )
Citi turned bullish on Arista shares, seeing growth ahead from cloud computing providers
( 26
min )
Bitcoin traders continue to focus on U.S. economic data that could move the needle on the Federal Reserve's pathway for interest rates as cryptocurrencies are about to enter a tough month.
( 22
min )
Shares of Dollar General are sinking premarket after the retailer reported a drop in quarterly profit and cut is sales and earnings outlook.
The stock was recently down 15% at $133.85 ahead of the opening bell.
Dollar General said its gross profit rate fell in the second quarter, citing factors in
( 22
min )
U.S. consumer spending accelerated in July, but slowing inflation strengthened expectations that the Federal Reserve would keep interest rates unchanged next month. Consumer spending, which accounts for more than two-thirds of U.S. economic activity, increased 0.8% last month, the Commerce Department reported on Thursday. Slowing inflation and a still tight labor market, which is keeping wage gains elevated, are supporting consumer spending and propping up the economy.
( 31
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An inflation gauge closely tracked by the Federal Reserve remained low last month, adding to signs of cooling price increases and raising the likelihood that the Fed will leave interest rates unchanged when it next meets in late September. The year-over-year figure, though, is down sharply from the 7% peak it reached a year ago, though still above the Fed's 2% inflation target. The latest data follows other recent reports that suggest the economy and the job market may be slowing enough to cool inflation pressures.
( 32
min )
The optical networking hardware company is seeing strong demand from cloud providers.
( 26
min )
Morgan Stanley analyst Joshua Pokrzywinski bumped the shares to Hold From Sell. His price target went to $113 from $102 each.
( 26
min )
(Bloomberg) -- Palantir Technologies Inc. was downgraded to underweight at Morgan Stanley, the latest indication of how Wall Street is skeptical of the software company, which has touted itself as a major player within artificial intelligence.Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryUBS Flags Cost Cuts After $29 Billion Credit Suisse WindfallHong Kong to Shut Down City Before Super Typhoon Saola HitsEurope's Biggest Oil Company Quietly Shelves a Radical P
( 31
min )
Dollar General posted fiscal second-quarter earnings of $2.13 a share on revenue of $9.8 billion.
( 26
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Dollar General cut its annual sales and profit forecasts on Thursday, hurt by a decline in store traffic and the discount retailer's move to sell more low-margin essentials over discretionary products. U.S. consumers, particularly in low-to-middle-income groups, have been feeling the pinch as reductions in government funding and lower tax refunds worsen inflationary pressures. The company said gross profit as a percentage of net sales was down 126 basis points in the second quarter from last year, driven by lower inventory and increased shrink, as well as inventory damages.
( 31
min )
Data revealed a further contraction in the world's second-largest economy, but it wasn't as bad as expected and there are bright spots to look to.
( 26
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The analyst pointed out that a handful of high-performing stocks are yet to reach the highs they enjoyed in 2021.
( 33
min )
A September 14 contract expiration could impact 4,300 local jobs, if Ford and GM don't come to an agreement with the UAW.
( 23
min )
IRS fraud filters can trigger frustration for real taxpayers — including those ignore IRS letters. National Taxpayer Advocate details the challenges.
( 35
min )
Salesforce issues an outlook for the third quarter and fiscal year better than analysts' forecasts, Okta raises its fiscal-year outlook, and UBS reports a second-quarter net profit of $29 billion following the integration of Credit Suisse.
( 27
min )
UBS is making progress integrating Credit Suisse, the former rival it acquired at a fire sale price earlier this year.
( 27
min )
Pernod Ricard reported below-forecast sales and profit for fiscal 2023, but backed its medium-term financial targets and said it planned a €800 million share buyback. The stock opened almost 5% lower.
( 24
min )
Here is your Pro Recap of the biggest analyst cuts you may have missed since yesterday: downgrades at Palantir Technologies, Box, Chewy, and Victoria's Secret. Palantir Technologies (NYSE:PLTR) shares fell more than 4% pre-market today after Morgan Stanley downgraded the company to Underweight from Equalweight with a price target of $9.00 (from $8.00), as reported in real time on InvestingPro. Craig-Hallum downgraded Box (NYSE:BOX) to Hold from Buy and cut its price target to $30.00 from $35.00.
( 32
min )
Swiss bank UBS announced Thursday plans to save $10 billion in costs as it moves ahead with “full integration” of longtime rival Credit Suisse's domestic operations, as UBS released its first earnings report since the government-orchestrated merger to help stave off a possible global financial meltdown. In a separate statement, Credit Suisse, calling itself a UBS subsidiary following the completion of the deal on June 12, announced a loss of 8.9 billion Swiss francs ($10.1 billion) as it wrapped up its accounting for all of 2023. UBS appeared to make no mention of one of the major outstanding questions: how many of Credit Suisse's 50,000 employees would be kept on.
( 31
min )
The company continues to see strong sales momentum even as consumers have started to pull back on discretionary spending.
( 22
min )
Core PCE has inched down since February. Now, technical effects are reversing that.
( 27
min )
"That weaponization of the dollar is part of the reason why Russia, China, and other BRICS nations have vied for an alternative to the dollar."
( 32
min )
USD Coin (USDC) is a stablecoin that is fully backed by U.S. dollars and dollar-denominated assets. USDC is not issued by the U.S. government.
( 22
min )
Economic value is the worth of a good or service determined by people's preferences and the trade-offs they choose given their scarce resources.
( 20
min )
When you only buy the coverage you truly need, the debate over medical insurance vs. life insurance might just be one you can avoid.
( 26
min )
Debt service coverage ratio (DSCR) is used to measure a company's cash flow available to pay current debt. Learn how to calculate DSCR in Excel.
( 22
min )
Learn about the business of reinsurance, a hidden industry that underpins the entire financial and insurance structure around the globe.
( 21
min )
Most dental insurance plans provide a yearly amount of maximum coverage, after which you have to pay for any expenses above that cap.
( 20
min )
How to manage those burdensome payments as you embark on your adult life.
( 26
min )
Today's best CD rates are 6.00% from American 1 Credit Union, 5.85% from One America Bank, and 5.80% from Finworth. Almost 40 CDs are paying rates of 5.50% or more.
( 19
min )
Compare Betterment and E*TRADE Core Portfolios, two robo-advisors on our list of the best, to see which one offers the portfolio management and investing features you need.
( 28
min )
The American Rule is the standard that two opposing sides in a legal matter pay their own attorney fees, whether they win or lose the case.
( 20
min )
A self-employed individual does not work for a specific employer who pays them a consistent salary or wage.
( 25
min )
U.S. equities ended August little changed, with the S&P 500 slipping 0.2% on Aug. 31, 2023, after a report showing a small rise in inflation raised hopes the Fed may back off further rate hikes
( 18
min )
Discover what your flexible spending account (FSA) will and won’t cover at the dental office before you make your next appointment.
( 21
min )
Socially responsible and ESG investing are gaining traction, especially with younger investors who also may be attracted to the technologically-focused investment platforms that robo-advisors provide.
( 25
min )
Hormel shares lost ground after the maker of Spam, Skippy Peanut Butter, and other foods missed earnings and revenue estimates, and cut its outlook on falling meat prices and a drop in sales in China.
( 17
min )
A transfer of physical assets (TPA) is involved when a HUD-insured loan is attached to a real estate transaction.
( 24
min )
Marginalism is an economic principle that decisions and adjustments to economic behavior occur incrementally rather than categorically.
( 19
min )
Business development is a process aimed at growing a company and making it more profitable and successful. Here is how it works.
( 27
min )
Controversy is nothing new for one of the most celebrated investors in history.
( 23
min )
Warren Buffett made waves when he said 90% of his wife’s assets would be allocated to stocks. Is it a good idea for typical investors to follow suit?
( 24
min )
The fear that leads to superior investment opportunities may be caused by macroeconomic events or short-term, non–moat damaging business results.
( 24
min )
Fellow investors have long praised—and envied—Warren Buffett's seemingly uncanny ability to pick stocks. Here is how he does it.
( 23
min )
Find out how the value investor bought up companies and made billions of dollars through his holding company’s investments.
( 30
min )
Warren Buffett, the Oracle of Omaha, has some timeless words of advice for successful investing.
( 24
min )
Here’s what a decentralized, blockchain-based internet promises, and where it may face issues.
( 21
min )
Shares of Okta rose 13.5% Thursday as growing cybersecurity concerns drove up demand for the company’s identification software.
( 16
min )
Learn how employability is affected by market and economic conditions. Find out how soft, hard, and technical skills affect a person’s employability.
( 28
min )
Current and potential hedge fund investors need to understand how much risk hedge funds take on in order to make money.
( 27
min )
Compare Merrill Guided Investing and E*TRADE Core Portfolios to learn how the investing platforms differ, and then decide which robo-advisor is best for you.
( 25
min )
A sovereign wealth fund is a state-owned investment fund used to benefit the country's economy and citizens.
( 21
min )
Business owners can ensure their small business is protected against financial loss with the right property and liability coverage.
( 20
min )
The forex market is open 24 hours a day because exchanges worldwide are open at overlapping times for 120 hours, from 5 p.m. EST on Sunday to 5 p.m. EST on Friday.
( 24
min )
International travel bookings rose 44% and domestic travel 4% for the 2023 Labor Day holiday, according to AAA, as cruise bookings gain and Canada, Alaska, and Europe are popular.
( 18
min )
Meme stocks describe the shares of companies that have gained a cult-like following on social media, which can influence share prices.
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min )
Economic rent is an excess payment made to or for a factor of production over and above the amount expected by its owner.
( 22
min )
Multiline insurance is a type of insurance policy that bundles exposures to risk and covers them under a single contract.
( 19
min )
Learn about the nuances of the CFA Level II exam, which goes more in-depth into investment management and portfolio concepts.
( 25
min )
To address anti-competition allegations by the European Commission, Microsoft plans to unbundle Teams for its suites starting in October.
( 17
min )
Offshore refers to a location outside of one's national boundaries, either land- or water-based. Learn about offshore banking, corporations, and investing.
( 27
min )
Revealed preference states that consumer behavior, if their income and the item's price are held constant, is the best indicator of their preferences.
( 20
min )
When civil and criminal penalties don't deter people from skipping out on their taxes, the IRS has other tools it can use.
( 22
min )
Neither rising prices nor the cooling job market have deterred consumers from cutting back on their spending—at least so far.
( 17
min )
Demand theory is a principle relating to the relationship between consumer demand for goods and services and their prices.
( 21
min )
The Biden administration expanded curbs on exports of certain AI chips beyond China to include several Middle Eastern countries, chipmaker Nvidia said in a regulatory filing.
( 18
min )
Wealthfront and Betterment both earned spots in our best robo-advisor awards. Compare the two robo-advisors to learn how their investing platforms can work for you.
( 28
min )
Series 6 and Series 7 are two Financial Industry Regulatory Authority (FINRA) license exams. Read on to learn about the licenses and how the tests differ.
( 22
min )
U.S. equities rose at midday on Thursday, Aug. 31, 2023 and headed for a fifth-straight winning session after a report showed inflation rose modestly last month, raising hopes the Fed might not hike interest rates.
( 16
min )
U.S.-based employers said they would be cutting 75,151 jobs in August, a 217% jump from July and 267% more than a year ago, according to a study by Challenger, Gray & Christmas.
( 17
min )
Dollar General shares tumbled after the discount retailer missed estimates and cut its outlook on softer sales, higher capital expenses, and losses from theft.
( 17
min )
A new deal makes using Buy with Prime easier for Shopify vendors—and brings Buy with Prime under the Shopify Payments umbrella.
( 18
min )
A double top is an extremely bearish technical reversal pattern that forms after a stock makes two consecutive peaks.
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min )
Regardless of your age, taking these five steps will help you build a solid retirement plan.
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min )
The Great Recession was caused by lending and investing practices that eventually led to a financial system collapse following a housing market crash.
( 23
min )
Mortgage rates dropped for a third day. The 30-year average has sunk to its lowest level in three weeks, and most loan types saw a double-digit decline.
( 20
min )
Price sensitivity is the degree to which the price of a product or service influences consumer purchases.
( 23
min )
Price transparency typically refers to the accessibility of information on the order flow for a particular stock.
( 19
min )
Robert Kiyosaki is a renowned author and entrepreneur, perhaps best known for his book 'Rich Dad Poor Dad.'
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min )
Minority business grants are available from both private and public sources to assist entrepreneurs who identify as minorities in funding their businesses. Here's an overview of these grants, their eligibility criteria, application process, and required documentation, plus some tips for a successful application.
( 23
min )
UBS shares jumped more than 5% in early trading Thursday after the Swiss banking giant posted second-quarter earnings that blew past analysts' expectations after its acquisition of ailing rival Credit Suisse.
( 18
min )
Learn how to trade Dow Jones Index futures contracts, including the popular e-Mini Dow stock index futures.
( 25
min )
The National Labor Relations Board (NLRB) is an independent federal agency that enforces the National Labor Relations Act (NLRA) of 1935. Here is a look at its role and impact.
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Change in supply refers to a shift, either to the left or right, in the entire price-quantity relationship that defines a supply curve.
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Salesforce shares surged after the software company reported second quarter profit that beat estimates and lifted its full-year outlook as cost-cutting measures paid off.
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As a small business owner or manager, you can apply for small business grants from a variety of sources. Once you’ve found a suitable grant, you should make sure your application is as competitive as possible. In this guide, we’ll show you how.
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Find out what the term "adverse selection" refers to in the insurance industry, and learn how insurance companies protect themselves from adverse selection.
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These six books cover the legendary investor's life and lessons from various angles—and are fun to read besides.
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Buying a franchise can be an easy way to get started in your own business, but there are some pitfalls, including upfront and ongoing costs. Here is how to investigate franchise opportunities.
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Lying on your resume is not only unethical, but it will damage your reputation and might result in legal action.
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The U-3 unemployment rate is the official rate but many prefer the U-6 rate as it includes underemployed, marginally attached, and discouraged workers.
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The accumulated earnings tax is imposed on corporations with retained earnings deemed to be excessive for their "reasonable" business needs.
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A monetary base is the total amount of a currency in general circulation or in the commercial bank deposits held in the central bank's reserves.
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Dogs of the Dow is an investment strategy based on the 10-highest dividend-yielding stocks in the Dow Jones Industrial Average (DJIA).
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Unlevered free cash flow (UFCF) is a company's cash flow before interest payments are taken into account. UFCF can be reported in a company's financial statements or calculated using financial statements by analysts.
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Straddles and strangles are options strategies that take advantage of significant moves up or down in a stock's price. Learn the difference between them.
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A waiver is a legally binding provision where either party in a contract agrees to voluntarily forfeit a claim without the other party being liable.
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Personal loans with no income verification are available, but they often have sky-high interest rates and short repayment terms.
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Low-income loans can help those with limited income access funds for emergency expenses or other needs. Learn more about the types of loans available, eligibility requirements, and how to apply.
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Learn about income elasticity of demand and cross elasticity of demand and how to interpret these two measures of demand elasticity.
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An accessory dwelling unit (ADU) is a residential structure that shares the same lot as a primary structure.
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The cost of living is the amount a person needs to spend to cover basic expenses such as housing, food, taxes, and healthcare in a particular place.
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Inflation is a broad increase in prices in an economy. Stagflation is a combination of high inflation with slow economic growth and high unemployment.
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Companies seek equity financing from investors to finance short or long-term needs by selling an ownership stake in the form of shares.
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Holland Norway Lines, dat met een ferry overtochten naar Noorwegen aanbiedt en woensdag uitstel van betaling heeft aangevraagd, ziet nog steeds een kans dat er weer gevaren gaat worden. Dat meldt het Nederlandse bedrijf in een bericht aan klanten.
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De storing van het C2000-communicatienetwerk is voorbij, al is de oorzaak nog onbekend. Het netwerk kampte donderdagmiddag met een landelijke storing. Dat leidde volgens de politievakbonden tot onveilige situaties.
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Het C2000-communicatienetwerk kampt donderdagmiddag met een landelijke storing. Het netwerk wordt gebruikt door de politie en veel andere hulpdiensten. Agenten op straat krijgen geen verbinding met de meldkamers, wat tot onveilige situaties leidt.
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Supermarktketen Jan Linders verkoopt nog eens vier vestigingen aan Jumbo. Eerder kocht de geelzwarte formule al zes supers van het Limburgse bedrijf. Hoeveel geld met de deal is gemoeid, is niet bekendgemaakt.
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De inflatie in Nederland is in augustus gedaald naar 3 procent, mede vanwege een nieuwe rekenmethode. Veel NUjij'ers dachten dat de boodschappen dus ook goedkoper werden, maar dat klopt niet. Economieredacteur Thijs Rösken legt uit wat dalende inflatie precies betekent.
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E-bikemaker VanMoof wordt overgenomen door e-stepmerk Lavoie, onderdeel van het Britse McLaren Applied. Dat melden de curatoren donderdag. Lavoie is van plan verder te groeien door de overname en de activiteiten van VanMoof verder te ontwikkelen.
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Het C2000-communicatienetwerk kampt donderdagmiddag met een landelijke storing. Het netwerk wordt gebruikt door de politie en veel andere hulpdiensten. Agenten op straat krijgen geen verbinding met de meldkamers, wat tot onveilige situaties leidt.
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Deelnemers aan Burgernet ontvangen vanaf vrijdag geen sms-berichten meer als iemand wordt vermist of gezocht. De politie gebruikt voortaan de Burgernet-app om de hulp van burgers in te schakelen.
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Deelnemers aan Burgernet ontvangen vanaf vrijdag geen sms-berichten meer als iemand wordt vermist of gezocht. De politie gebruikt voortaan de Burgernet-app om de hulp van burgers in te schakelen.
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De Zwitserse bank UBS wil de eerder dit jaar overgenomen concurrent Credit Suisse volledig opnemen in het eigen bedrijf. Daarbij gaan duizenden banen verloren. UBS behoedde Credit Suisse eerder dit jaar van een faillissement door een overname.
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De inflatie in Nederland is in augustus gedaald naar 3 procent. Dat komt mede door een nieuwe rekenmethode. Het winkelmandje met producten waarmee het cijfer wordt berekend, verandert continu. NU.nl-lezers vroegen zich af: hoe wordt die inflatie dan vastgesteld?
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Energieleverancier Eneco gaat bij een Gronings windpark spitsmijden op het stroomnet. Het bedrijf laat de windmolens op piekmomenten zo draaien, dat ze maar weinig wind vangen. Dat doet Eneco als het plaatselijke stroomnet overbelast is.
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De begroting voor volgend jaar is zo goed als rond. Het demissionaire kabinet trekt 2 miljard euro uit om vooral de laagste inkomens te steunen.
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De consumentenprijzen in eurolanden zijn in augustus 5,3 procent hoger dan een jaar eerder. Daarmee is de inflatie precies even hoog als in juli. Waar in Nederland de inflatie door goedkopere energie flink is gedaald, is dat effect in de hele eurozone niet zo groot.
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Privacyorganisatie None of your business (Noyb) heeft bij verschillende Europese privacytoezichthouders geklaagd over smartwatchfabrikant Fitbit. Volgens de belangenclub worden Fitbit-gebruikers gedwongen om toestemming te geven voor de overdracht van hun persoonlijke gegevens naar landen buiten de Europese Unie.
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ProRail gaat de komende jaren steeds vaker doordeweeks en overdag onderhoud doen aan het spoor. Volgend jaar zal vooral de Friese reiziger dat merken. In de jaren daarna gebeurt dit ook in andere delen van het land. Dat meldt ProRail donderdag.
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De Zwitserse bank UBS wil de eerder dit jaar overgenomen concurrent Credit Suisse volledig opnemen in het eigen bedrijf. Daarbij gaan duizenden banen verloren. UBS behoedde Credit Suisse eerder dit jaar van een faillissement door een overname.
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Wie bij 'snip' nog steeds denkt aan een biljet van 100 gulden, kan vandaag nog proberen de vogel terug op een bankbiljet te krijgen. De eurobiljetten krijgen (bijna) allemaal een nieuw ontwerp en vogels zijn een van de mogelijke thema's.
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Winkeliers zagen hun omzet in juli 5 procent hoger uitkomen dan een jaar eerder. Maar dat komt wel vooral door prijsverhogingen, want consumenten kochten juist minder. Er werden 2,8 procent minder producten verkocht.
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De inflatie valt in augustus veel lager uit dan in de voorgaande maanden. De consumentenprijzen zijn nu slechts 3 procent hoger dan een jaar eerder. Sinds september 2021 is dit percentage niet meer zo laag geweest. Afgelopen juli was de inflatie nog 4,6 procent.
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De Nederlandse aardgasreserves zijn naar verwachting over minder dan negen jaar uitgeput. "Als we bij het huidige tempo gas blijven oppompen en er worden geen nieuwe aardgasreserves ontdekt, dan is het op", stelt Peter Hein van Mulligen, hoofdeconoom bij statistiekbureau CBS.
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De prijs van een koophuis is momenteel vijf maal zo hoog als in 1993. Betaalde je dertig jaar terug nog gemiddeld ongeveer 80.000 euro voor een woning, inmiddels is dat 434.000 euro.
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De inflatie over de maand augustus valt behoorlijk veel lager uit dan in de afgelopen maanden. Consumentenprijzen stegen ten opzichte van vorig jaar met 3,0 procent. In juli was dat nog 4,6 procent. Sinds september 2021 was dit percentage niet meer zo laag.
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De Nederlandse aardgasreserves zijn naar verwachting over minder dan negen jaar uitgeput. "Als we bij het huidige tempo gas blijven oppompen en er worden geen nieuwe aardgasreserves ontdekt, dan is het op", stelt Peter Hein van Mulligen, hoofdeconoom bij statistiekbureau CBS.
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De prijs van een koophuis is momenteel vijf maal zo hoog als in 1993. Betaalde je dertig jaar terug nog gemiddeld ongeveer 80.000 euro voor een woning, inmiddels is dat 434.000 euro.
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How far can good vibes push the market? That’s a question investors should think about, especially if events pan out as investing legend Leon Cooperman believes they will. The billionaire hedge fund manager does not see the current rally in stocks as anything sustainable, and cautions that it is built more on positive sentiment than on anything solid. Moreover, he holds a pessimistic outlook regarding the S&P 500‘s ability to not only reach but also surpass its peak level of 4,800 achieved back
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The decline in the second quarter was the biggest since 2008, except for the first quarter, which saw a 48% drop, Redfin said.
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New York Attorney General Letitia James raised the allegation in a lawsuit seeking $250 million and sanctions that would halt the Trump Organization's operations in New York.
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min )
Moves in the Vietnamese EV start-up's shares serve up lessons it can take seasoned traders years to learn.
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(Bloomberg) -- Key Nvidia Corp. partner Quanta Cloud Technology expects to double sales of its artificial intelligence servers in 2024 and demand to persist over the longer term as businesses weave AI into their operations and services.Most Read from BloombergUS Health Officials Urge Moving Pot to Lower-Risk CategoryStocks Up Again in ‘Bad News Is Good News’ World: Markets WrapSingapore S$1 Billion Laundering Scandal Embroils Its Banking GiantsFed Ramps Up Demands for Corrective Actions by Regio
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Hurricane Idalia today did much less damage than Hurricane Ian did last year.
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Today's best CD rates include a new record of 6.00% from American 1 Credit Union. Runners-up include 5.85% from One America Bank and 5.80% from Finworth.
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Learn about which types of mutual funds pay the highest dividends, including how dividend stock and bond funds generate the highest dividend yields.
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Lenders reported a net loss of $534 per mortgage origination in the second quarter of 2023, according to the Mortgage Bankers Association.
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Apple poured over $600 billion into buybacks in the decade to March 31, exceeding Alphabet, Microsoft, and Meta's combined spending.
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The Biden administration has blocked sales of some of Nvidia’s most-prized microchips to the Middle East amid rising concerns about China’s access to the critical artificial intelligence resources.
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CEO R.J. Scaringe's base salary is now $1 million a year, up from $650,000.
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The settlement was announced Wednesday without Plug Power admitting or denying any wrongdoing.
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"I have no desire to get to work at four in the morning."
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“It takes 20 years to build a reputation and five minutes to ruin it," the Sage of Omaha said. "If you think about that, you'll do things differently.”
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The company also announced a $5 million donation that its independent foundation will use to launch a grant program to support people and organizations on the front lines of health care in underserved populations who are driving innovation in global health.
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The Biden Administration has a punchy target to install 30 gigawatts of offshore wind by the end of the decade. That won’t happen until the numbers stack up for struggling wind farm players.
Shares in Ørsted, the world’s top developer of offshore wind projects, fell 24% Wednesday after the Danish c
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Carriers are offering discounts to avoid rising credit-card fees, but consider important factors before making any changes.
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The oldest advice in the financial markets is to buy low and sell high. The trick to winning, however, is to find the right stocks to buy, and to remember that ‘buy low’ doesn’t always mean these stocks can’t go lower. Sometimes the best bargains really do come in at the lowest prices. There are plenty of stocks under $10 that won’t break your bank and still offer substantial upside potential. How substantial? Well, the analysts at investment banking giant Oppenheimer have pinpointed two winners
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He considers his two wedding rings to be his top investments, though.
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To come up with their list, the strategists assessed free cash flow as well as cash burn or spending for the previous 12 months.
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Fundamentals are improving more slowly than the company had hoped, prompting management to lower its outlook for the October 2023 fiscal year.
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Stephanie Ruhle confirmed that she had three phones: a work phone, a personal phone and a “Kevin Plank phone”.
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The Commerce Department’s second estimate of growth last quarter marked a slight acceleration from a 2% annual growth rate from January through March. The American economy — the world’s largest — has proved surprisingly durable in the midst of the Fed’s aggressive campaign to stamp out a resurgence of inflation, which last year hit a four-decade high. Since March of last year, the Fed has raised its benchmark rate 11 times, making borrowing for everything from cars to homes to business expansions much more expensive and prompting widespread predictions of a coming recession.
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The Wall Street speculator that famously bet against Enron this time took aim at the inflated value of VinFast, the world's third largest carmaker by market cap.
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Johnson & Johnson maintains its quarterly dividend of $1.19 a share after spinning out consumer-health company Kenvue, although it lowers its earnings and sales projections.
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Nvidia is cheaper than Alphabet, Microsoft and Apple on a growth-adjusted basis according to Melius Research.
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The company started charging some users for ChatGPT earlier this year.
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Johnson & Johnson on Wednesday forecast 12.5% growth in its annual adjusted profit after completing the separation of consumer health company Kenvue. The company expects 2023 adjusted reported earnings per share of $10.00 - $10.10 in 2023, reflecting increased growth of 12.5% at the mid-point.
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(Bloomberg) -- Orsted A/S shares plunged the most on record after the renewable energy company warned of impairments of as much as 16 billion Danish kroner ($2.3 billion) to its US portfolio because of supply chain issues and soaring interest rates. Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsSingapore Money Laundering Case Embroils City’s
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↘️ HP (HPQ): The maker of computers and printers trimmed its outlook for the current fiscal year and said it expects pricing pressures to continue. Shares fell nearly 9% premarket.
↘️ [Hewlett Packard Enterprise (HPE)](https://www.wsj.com/market
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Tesla shares fall after the stock saw its largest one-day percentage increase since March, VinFast trades higher following a slump of 44% in the previous session, HP Inc. trims its outlook for fiscal 2023, and Nvidia dips after setting a record closing high.
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(Bloomberg) -- Equity futures edged higher on speculations the Federal Reserve is nearing the end of its tightening campaign, while persisting concerns over China’s economic recovery weighed on its equities.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantCrypto Scores Landmark US Legal Win With Grayscale ETF RulingWhat to Do With a 45-Story Skyscraper and No TenantsStocks Up Most Since June as F
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Burger King is being sued by unhappy customers who claim its flagship Whopper burger is too small.
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A federal court on Tuesday swatted down the SEC's reasoning for denying one such products. It was one of the most widely anticipated rulings this year.
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The company is a spinout from J&J. For income seekers, that link remains vital.
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Powell is right: Risk management pays. This options strategy works if stocks rise—and also if they fall.
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Nvidia Corp’s soaring rally has thrilled investors this year - except for the sizeable number of fund managers who avoided what they believe to be an expensive stock. Across nearly 330 mutual funds benchmarked to the S&P 500 or a similar index, only 15% held an above-index weight in Nvidia, according to a Morningstar analysis of the funds' most recent regulatory filings. Among those funds that held a below-average weight in Nvidia, 85% underperformed the index so far this year, Morningstar's data showed.
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Oil prices extended gains on Wednesday after industry data showed a large draw in crude inventories in the U.S., the world's biggest fuel consumer, and as concerns about a hurricane in the Gulf of Mexico kept investors on edge. Brent crude futures for October rose 17 cents, or 0.2%, to $85.66 a barrel by 0133 GMT. U.S. crude stocks declined by about 11.5 million barrels in the week ended Aug. 25, according to market sources citing American Petroleum Institute figures on Tuesday.
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China's embassy in Washington on Tuesday defended its business practices after U.S. Commerce Secretary Gina Raimondo said U.S. firms had told her that China had become "uninvestible." Asked to respond to the comments Raimondo made in China, embassy spokesperson Liu Pengyu said that most of the 70,000 U.S. firms doing business in China wanted to stay, that nearly 90% were profitable, and that Beijing was working to further ease market access for foreign companies. "China is actively advancing its high-level opening-up and making efforts to provide a world-class, market-oriented business environment governed by a sound legal framework," he said.
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Tech stocks were extending their recent recovery on Tuesday, with the tech-heavy NASDAQ surging 1.74%. The good news, according to Wedbush’s Daniel Ives – a 5-star analyst rated in the top 2% of the Street’s stock pros – is the development of a tech rally that is anticipated to conclude the year on a bullish note. Ives doesn’t hesitate to explain his stance, writing in a recent note on the situation and prospects for tech stocks: “We see tech stocks rallying into year-end as the new tech bull ma
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A yearly renewable term is a one-year term life insurance policy that can be continued year after year for a more expensive premium. Here's how these policies work.
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The Federal Emergency Management Agency has just $3.4 billion in the fund it uses to respond to disasters and help victims—an amount that can quickly be depleted by hurricanes and other catastrophes.
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Investors bought 50,000 homes in the second quarter, the lowest for any second quarter in seven years, and down by nearly half from the second quarter of 2022, according to Redfin.
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min )
McMansion is a negative term that refers to a large, often-ostentatious suburban home that lacks style or uniqueness.
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Personal loans are not considered income and cannot be taxed unless the loan is forgiven.
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min )
Today's best CD rates include a new record of 6.00% from American 1 Credit Union. Runners-up include 5.85% from One America Bank and 5.80% from Finworth.
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Learn the factors that affect the profitability of companies in the insurance sector.
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min )
India is offering $2.1 billion in incentives to tech firms that manufacture PCs, laptops, and other electronic devices in the country, and received 32 bids so far.
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U.S. equities rose, with the S&P 500 closing 0.4% higher on Wednesday, Aug. 30, 2023 after jobs and GDP data raised expectations the Fed may pull back on rate hikes.
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While life insurance is not essential for a baby, here are the benefits of getting a small policy.
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Learn some of the important differences in how the NYSE and Nasdaq operate and the securities that trade on each exchange.
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Learn about which types of mutual funds pay the highest dividends, including how dividend stock and bond funds generate the highest dividend yields.
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min )
China has been the largest exporter of goods in the world since 2009. Official estimates suggest the total value of its exports was $3.71 trillion in 2022.
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Personal income is the total compensation from several sources collectively received by all individuals or households in a country.
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min )
A Certified Senior Consultant was someone certified in key issues facing seniors, including government benefits, income streams, and long-term care.
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min )
Alphabet's Google scheduled its Made by Google event for October 4 in New York City, where it is expected to unveil its new Pixel 8 and Pixel 8 Pro phones and an updated smart watch.
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min )
The COBRA health insurance program allows an individual to retain the coverage of employer-offered insurance in the event of job loss.
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A poverty trap is a mechanism that makes it very difficult for people to escape poverty.
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With an impending increase in US interest rates and lower, even negative rates, elsewhere in Europe and Japan, we assess the impact on private equity.
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min )
Nominal is a common financial term with several different contexts, referring to something small, an unadjusted rate, or the face value of an asset.
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min )
Self-directed investing provides more control over your investments, but robo-advisors do the hard work for you
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min )
Landlords own the property, but tenants have unique protections from discrimination, harassment, rent increases, and wrongful eviction.
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min )
The Dow divisor is a numerical value that is used to calculate the level of the Dow Jones Industrial Average (DJIA).
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min )
Robo-advisors provide customized advice perfect for beginners and hands-off investors, while self-directed brokerage accounts give you flexibility to control your portfolio.
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min )
Electric vehicle (EV) sales in Europe surged more than 50% from a year ago in July, driven by rising demand, greater availability of parts, and easing supply chain constraints.
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min )
The labor market has gotten worse for workers in recent months, but depending on the industry you work in, you still might have a lot of job options—and leverage
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min )
Disguised unemployment is unemployment with low productivity that does not affect aggregate output.
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min )
Johnson & Johnson on Wednesday released its first earnings forecast as a standalone pharmaceutical and medical devices company, estimating double-digit growth in earnings this year.
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min )
HP shares tumbled after warning that the market for PCs and printers remains soft, and it reduced its full-year guidance.
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min )
U.S. equities gained at midday on Wednesday, Aug. 30, 2023 after reports of slowing private sector job growth and a downward revision of GDP raised optimism the Fed might not hike rates.
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min )
In the digital age, investors can choose between human-powered online brokers and AI-driven robo-advisors. Both offer benefits for investing in the stock market, but which is better for you?
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Brown-Forman shares dropped after the maker of Jack Daniel’s and other alcoholic drinks missed profit and sales estimates on higher costs and falling demand for its premium products.
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min )
Exchange traded funds (ETFs) provide diversified access to different areas of the market, while robo-advisors can help you build a personalized portfolio.
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min )
How to pay your rent, mortgage, insurance, utilities, and other important bills if you are short on cash due to various circumstances.
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min )
Learn about the advantages and disadvantages of using the S&P 500 as a benchmark for portfolio performance.
( 21
min )
Wegovy maker Novo Nordisk is buying Embark Biotech for $16 million, in a move that could boost Novo Nordisk's portfolio of weight loss treatments.
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min )
Find out why the dividend yield for the S&P 500 Index remains historically low, and what dividend yields used to look like before the Internet Age.
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min )
Similar to the mortgage-backed securities that led to the 2008 recession, student loan asset-backed securities might cause the next financial crisis.
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min )
A negative balance in shareholders' equity (also called stockholders' equity) means that liabilities exceed assets and can be caused by a few reasons.
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min )
U.S. financial regulators unveiled a new set of rules designed to prevent more bank failures, dealing another blow to regional banks that could be burdened with more requirements.
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min )
The S&P 500 Dividend Aristocrats index tracks the performance of blue-chip companies. A dividend aristocrat tends to be a large blue-chip company.
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min )
A rising wedge is a bearish stock pattern formed by converging trend lines. Use technical analysis indicators to spot and interpret rising wedge patterns.
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min )
The Dow Jones Global Titans 50 Index launched in 1999, consisting of 50 of the largest multinational corporations in the world.
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min )
De Nederlandse aardgasreserves zijn naar verwachting over minder dan negen jaar uitgeput. "Als we bij het huidige tempo gas blijven oppompen en er worden geen nieuwe aardgasreserves ontdekt, dan is het op", stelt Peter Hein van Mulligen, hoofdeconoom bij het Centraal Bureau voor de Statistiek (CBS).
( 4
min )
Al meer dan twee jaar daalt het aantal Nederlanders dat een bijstandsuitkering ontvangt. Jongeren vormen hierop een uitzondering: onder hen stijgt het aantal ontvangers juist.
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min )
Europese landen hebben in de eerste zeven maanden van dit jaar 40 procent meer vloeibaar gas van Rusland ingekocht dan in dezelfde periode in 2021, voor de Russische invasie van Oekraïne. Dat schrijft de Financial Times op basis van een rapport van ngo Global Witness.
( 4
min )
Burger King moet zich voor de rechter verantwoorden voor zijn plaatjes van de Whopper. De rundvleesburger ziet er in advertenties rijkgevulder uit dan hij in werkelijkheid is, zeggen verontwaardigde klanten van de fastfoodketen.
( 3
min )
Nieuwe inflatiecijfers laten zien dat het niet makkelijk is om de prijsstijgingen te beteugelen. Ondanks maatregelen van de ECB en overheden stijgt de inflatie in Spanje al twee maanden op rij. Ook in België en Duitsland blijft het gewenste effect uit.
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min )
Holland Norway Lines, dat met een veerboot overtochten naar Noorwegen aanbiedt, heeft uitstel van betaling aangevraagd. Het schip vaart voorlopig niet en ook de kaartverkoop ligt stil.
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min )
De provincie Noord-Holland heeft te makkelijk een vergunning afgegeven voor de bouw van een biomassacentrale in Diemen. Voordat Vattenfall de centrale gaat bouwen, moet het energiebedrijf onderzoek doen naar de gevolgen voor het milieu.
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min )
De Nederlandse smartphonefabrikant Fairphone presenteerde woensdag zijn vijfde duurzame en eerlijke toestel. De Fairphone 5 wordt volgens het bedrijf gemaakt met oog voor zowel mens als milieu. Daarnaast belooft de telefoonmaker dat de smartphone jaren meegaat.
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min )
De provincie Noord-Holland heeft te makkelijk een vergunning afgegeven voor de bouw van een biomassacentrale in Diemen. Voordat Vattenfall de centrale gaat bouwen, moet het energiebedrijf onderzoek doen naar de gevolgen voor het milieu.
( 3
min )
De Nederlandse smartphonefabrikant Fairphone presenteerde woensdag zijn vijfde duurzame en eerlijke toestel. De Fairphone 5 wordt volgens het bedrijf gemaakt met oog voor zowel mens als milieu. Daarnaast belooft de telefoonmaker dat de smartphone jaren meegaat.
( 5
min )
De winst van het Russische gasbedrijf Gazprom is in de eerste helft van dit jaar fors gedaald. Dat komt voornamelijk door de sterk afgenomen gasleveringen aan Europa.
( 3
min )
Nu chatbot ChatGPT steeds populairder wordt, ligt moederbedrijf OpenAI op koers om een jaaromzet van 1 miljard dollar (0,9 miljard euro) te draaien.
( 3
min )
De Volksbank moet een boete van 4,5 miljoen euro betalen omdat ze de risico's rond bepaalde leningen jarenlang te laag heeft ingeschat. Dat heeft de Europese Centrale Bank besloten.
( 3
min )
De prijzen die Nederlandse industriebedrijven vragen voor hun goederen waren in juli lager dan een jaar eerder. Het is de vierde maand op rij dat de prijzen zijn gedaald.
( 4
min )
We brengen vanwege klimaatverandering steeds vaker de vakantie door in Noorwegen en Zweden. Dat zegt reiskoepel ANVR, die het aantal Nederlanders dat naar Scandinavië gaat met tientallen procenten ziet stijgen in vergelijking met 2019, het laatste jaar voor corona.
( 4
min )
VinFast stock snapped a six-day winning streak, hard. Shares fell 43.8% Tuesday, wiping out about $90 billion in market value.
( 26
min )
Starting in 2026, people over 50 will have to make catch-up contributions to Roth 401(k)s. The was previously slated to change in 2024.
( 26
min )
(Bloomberg) -- HP Inc. reduced its full-year cash flow and profit outlook, saying a rebound in the market for personal computers will take longer than expected. The shares declined about 5.5% in extended trading.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsCrypto Scores Landmark US Legal Win With Grayscale ETF RulingStocks Up Most Since June
( 32
min )
To come up with their list, the strategists assessed free cash flow as well as cash burn or spending for the previous 12 months.
( 27
min )
In a recent episode of "The Ramsey Show," renowned radio host and personal finance expert Dave Ramsey delivered a straightforward message to a young woman from Orlando, Florida. Ramsey bluntly stated, "Ouch. You've screwed yourself. You've really made yourself a mess." This response came after the woman, identified as 28-year-old Selena, shared her recent financial decision to withdraw $26,000 from her 403(b) retirement account to fund a down payment for home construction, with the intention of
( 32
min )
(Bloomberg) -- Trinity Regional Hospital Sachse, a full-service hospital and emergency room near Dallas, filed for bankruptcy with plans to sell itself just two years after opening.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsCrypto Scores Landmark US Legal Win With Grayscale ETF RulingStocks Up Most Since June as Fed Bets Sink Yields: Marke
( 30
min )
(Bloomberg) -- Mullen Automotive Inc. has accused brokerages TD Ameritrade and Charles Schwab of facilitating naked short selling and damaging the electric-vehicle company’s stock price. Most Read from BloombergPutin Agrees to Visit China in First Trip Since Arrest WarrantCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesWhat to Do With a 45-Story Skyscraper and No TenantsUS Court Paves Way for Spot Bitcoin ETF in Grayscale RulingS&P 500 Climbs 1% as Traders Dial Back Fed Wagers: M
( 32
min )
In 2019, The Walt Disney Co. celebrated several major successes, including the launch of Disney+ with 10 million subscribers on Day 1, a massive $71 billion acquisition of Fox's entertainment assets and the release of "Avengers: Endgame," the second-highest-grossing movie ever. These achievements showcased Disney's ability to leverage its intellectual property (IP) across various platforms, from theaters to theme parks and streaming. Fast forward almost four years, and doubts have emerged about
( 33
min )
↘️ Hawaiian Electric Industries (HE): The utility company’s stock was down more than 3% in afternoon trading following a big jump Monday. A unit of Hawaiian Electric [denied Monday](https://www.wsj.com/us-news/climate-environment/hawaiian-electric-den
( 24
min )
Globalstar also hires other executives from startup founded by Paul Jacobs.
( 25
min )
Shares of Broadcom, Nvidia, and AMD are rising Tuesday as the sector looks to regain favor with investors.
( 26
min )
A spot-based Bitcoin ETF is now likely coming. Coinbase and other Bitcoin-related stocks are surging.
( 27
min )
Bitcoin rose Tuesday, extending gains after a court ruled that the Securities and Exchange Commission should not have rejected asset manager Grayscale's spot bitcoin exchange-traded fund applicatio
( 22
min )
The golden age of wage growth may be over, according to a new ZipRecruiter survey.
( 32
min )
An appeals court rules the SEC acted arbitrarily when it denied Grayscale's attempt to convert its Bitcoin trust into an ETF.
( 26
min )
Investors don't know the fate of the famous American manufacturer. Something big is likely to happen though.
( 26
min )
Are you maxing out the 401(k) plan you have at work every year? Do you still have money left for saving and investment after contributing the maximum to your 401(k) and maybe an IRA or two? If so, then you … Continue reading → The post Executive Deferred Compensation Plans appeared first on SmartAsset Blog.
( 33
min )
Managers are being ordered to dodge employees' questions about how the latest budget cuts will impact their pay.
( 32
min )
(Bloomberg) -- Mat Ishbia, the new owner of the Phoenix Suns, pledged more than half of mortgage giant UWM Holdings Corp.’s outstanding shares to secure loans before buying the NBA team for a record $4 billion.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesPutin Agrees to Visit China in First Trip Since Arrest WarrantWhat to Do With a 45-Story Skyscraper and No TenantsStocks Up, Yields Down as Data Fuel Fed Skip Bets: Markets WrapAuto Union Boss Wants 46%
( 32
min )
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With home prices hitting record highs, you’d think more people would be putting their houses up for sale—but most people with 30-year fixed-rate mortgages got them at a time when mortgage rates were much lower.
( 18
min )
The markets have experienced a period of volatility over the past month, raising questions about where they might be heading next. Has the year’s strong rally hit a brick wall, or is it just a pause before the next leg up? It’s a question that has been fielded to Goldman Sachs’ chief U.S. equity strategist David Kostin. The good news for investors is that going by the direction the wider economy is taking, Kostin makes some reassuring noises on the matter. Decelerating inflation data offers conf
( 34
min )
Citi’s Michael Rollins raised Verizon and AT&T to Buy from Neutral but kept a High Risk rating on both stocks, as investors wait for more news on lead-sheathed cable exposure.
( 27
min )
Steelmaker says it has “multiple unsolicited proposals” that include buyouts.
( 25
min )
Steelmaker says it has “multiple unsolicited proposals” that include buyouts.
( 25
min )
Oracle upgraded, Farfetch downgraded: Wall Street's top analyst calls
( 33
min )
Nvidia shares have largely moved sideways since its latest earnings. The risks posed by a potential customer slowdown, further China restrictions and growing competition might all be playing on investors' minds.
( 27
min )
Nvidia shares have largely moved sideways since its latest earnings. The risks posed by a potential customer slowdown, further China restrictions and growing competition might all be playing on investors' minds.
( 27
min )
Citi’s Michael Rollins raised Verizon and AT&T to Buy from Neutral but kept a High Risk rating on both stocks, as investors wait for more news on lead-sheathed cable exposure.
( 27
min )
(Bloomberg) -- Bank of Montreal put aside more money for potentially sour loans and severance costs as it absorbs Bank of the West during a difficult period for US regional lenders. Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money ManagerChina’s Worsening Economic Slowdown Is Rippling Across the Globe3M Agrees
( 32
min )
Experts explain that the risky move—which many tie to plans for the founder to step down—could allow the company to catch up with key trends in private board practices that make a board more agile.
( 32
min )
The IRS recently announced some welcome news for higher-income workers with 401(k)s and similar retirement plans. The agency delayed implementing a new rule that would have required catch-up contributions made by people earning over $145,000 to be directed into an after-tax Roth account. The rule change was originally set to start in 2024, but will […] The post Good News for People Who Make $145K: IRS Delays New Catch-Up Contribution Rule Until 2026 appeared first on SmartReads by SmartAsset.
( 32
min )
(Bloomberg) -- PDD Holdings Inc.’s revenue rose a stronger-than-expected 66% after the company behind hit shopping app Temu spent to boost growth at home and abroad to counter a bumpy post-pandemic recovery.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money ManagerChina’s Worsening Economic Slowdown Is Rippling A
( 33
min )
Jassy reportedly told staff: "It's past the time to disagree and commit."
( 33
min )
NIO reports an adjusted second-quarter loss of 45 cents a share from sales of $1.2 billion. Wall Street was looking for a per-share loss of about 33 cents a share on sales of $1.3 billion.
( 26
min )
Heavy investment pouring into the U.S. auto sector helps make the company an interesting play on an American manufacturing renaissance.
( 28
min )
Plug Power has increased its investment, jobs and hydrogen production plans for its Genesee County plant.
( 9
min )
NIO and Best Buy are scheduled to post quarterly earnings on Tuesday, AT&T and Verizon stocks are upgraded, Heico falls after its earnings report, and 3M's board has approved a $6 billion earplugs settlement, according to The Wall Street Journal.
( 27
min )
(Bloomberg) -- VinFast Auto Ltd. is unprofitable, thinly traded and exciting individual investors as it rises faster than any other large-cap stock worldwide.Most Read from BloombergCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money ManagerChina’s Worsening Economic Slowdown Is Rippling Across the Globe3M Agrees to Pay More Than $5.5 Bi
( 33
min )
(Bloomberg) -- China’s biggest-selling auto brand withstood a raging price war that engulfed the country this year, with BYD Co. posting second-quarter profit that surged 145% and sending its shares climbing. Most Read from BloombergAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money ManagerCitadel Vets 69,000 Intern Applicants to Find Next Math GeniusesChina’s Worsening Economic Slowdown Is Rippling
( 32
min )
The largest dividend-payers in the energy sector of the S&P 1500 include oil and gas producers and pipeline companies.
( 27
min )
"For the first time in a long time, we are seeing customers reduce or cancel orders due to softening end-use demand," a survey respondent said.
( 31
min )
"When you go from record-low mortgage rates to levels that we haven't seen for almost 20 years, you've destroyed both demand and supply," El-Erian said.
( 31
min )
Happy talk from Washington, consistently low unemployment, and a slowing pace of inflation have combined to support a positive market sentiment – but can it last? ‘Shark Tank’ star Kevin O’Leary believes it won’t, and he does not hesitate to list the headwinds that could bring ‘real chaos’ by the year’s end. The key factor is higher interest rates. The Federal Reserve has already pushed rates up to their highest level in over 20 years, and the repercussions are spreading. O’Leary takes special c
( 34
min )
Today's best CD rates are 5.85% from One America Bank, 5.80% from Finworth, and 5.75% from Abound Credit Union, MapleMark Bank, or BluPeak Credit Union.
( 19
min )
An 800-plus credit score shows that you're an exceptional borrower. Here's how to get one and how to enjoy all the benefits it entitles you to.
( 25
min )
A subprime borrower is a person who is considered to be a relatively high credit risk for lenders and who may have a harder time obtaining credit, especially at good interest rates.
( 24
min )
An authorized transaction is a debit or credit card payment for which the merchant has received approval from the card-issuing bank. In most cases today, the authorization process is electronic and virtually instantaneous.
( 22
min )
The September Effect is a calendar anomaly that refers to historically weak stock market returns for the month of September.
( 22
min )
U.S. equities gained, with the S&P 500 closing 1.5% higher on Tuesday, Aug. 29, 2023, as jobs data boosted hopes of a rate hike pause.
( 16
min )
A year and a half into the Federal Reserve’s campaign of anti-inflation interest rate hikes meant to slow the economy, companies are only just beginning to feel the impact on their finances.
( 17
min )
The maker of peanut butter, jelly, and other food products posted a fiscal 2024 first quarter profit of $2.21 per share, exceeding analysts’ estimates.
( 17
min )
Shares of Big Lots skyrocketed after the discount furniture and home products retailer posted a lower-than-expected loss and decline in sales as customer demand improved.
( 17
min )
Segregated Witness (SegWit) refers to a soft fork change in the transaction format of Bitcoin.
( 22
min )
Leading global GDP growth rates are increasing the attention on the Reserve Bank of India.
( 24
min )
Seventy-four of the top 100 metropolitan areas saw house prices rise over the last four quarters.
( 17
min )
Apple has announced a Sept. 12 date for its latest event, expected to highlight the iPhone 15 and an update for the Apple Watch.
( 17
min )
The savings account at Apple Bank offers competitive rates, but are they competitive enough? We reviewed Apple Bank so you can decide if the bank is right for you.
( 21
min )
The oil and gas exploration and production sector currently makes up around 3.8% of the global economy.
( 23
min )
The U.S. Court of Appeals for the D.C. Circuit has ruled the SEC will need to review Grayscale's application for the launch of a spot bitcoin ETF again.
( 17
min )
Fiscal Policy is the sister strategy to monetary policy, through which a central bank influences a nation's money supply.
( 26
min )
The Kyoto Protocol is an international agreement adopted in 1997 that aimed to reduce carbon dioxide emissions and the presence of greenhouse gases.
( 27
min )
Capital One savings account interest rates are higher than average, and the bank doesn’t charge monthly maintenance fees or have a minimum deposit requirement.
( 21
min )
The tech giant announced a host of new products aiming to capitalize on artificial intelligence demand at its Cloud Next conference Tuesday.
( 16
min )
Best Buy (BBY) on Tuesday reported better-than-expected earnings for its latest fiscal quarter, but acknowledged a challenging sales backdrop as consumers bought fewer electronics and appliances.
( 18
min )
U.S. equities rose at midday on Tuesday, Aug. 29, 2023, boosted by tech stocks, as new job openings data raised optimism the Fed may ease off monetary tightening.
( 16
min )
SEC Form 13F is a quarterly report filed by investment managers to the Securities and Exchange Commission that discloses their U.S. equity holdings.
( 23
min )
Through Lending Club’s high-yield savings accounts, you can earn a higher-than-average APY with no monthly service fees. All you need to get started is $100.
( 21
min )
The house price index (HPI) is a broad measure of the movement of single-family house prices in the United States.
( 22
min )
Marcus by Goldman Sachs only offers a few account types, but what it does offer, it does well. Learn how you can benefit from its online high-yield savings account.
( 22
min )
ADRs of Chinese multinational commerce group PDD Holdings jumped on higher sales at its e-commerce sites Pinduoduo and Temu.
( 16
min )
Catalent shares surged after the struggling drug manufacturer said it would conduct a strategic review and made a deal with activist investor Elliott Investment Management.
( 18
min )
State Farm is more than just an insurance company. It offers banking services and competitive interest rates for its savings account.
( 20
min )
ADRs of Nio sank after the Chinese electric vehicle maker posted a wider loss and lower revenue as deliveries dropped.
( 17
min )
You can earn a higher-than-average APY with a TD Bank savings account. But TD Bank only offers the highest interest rates on accounts with high balances.
( 21
min )
By 2026, Medicare recipients could pay lower prices for 10 of the most expensive and widely used prescription drugs.
( 19
min )
Wells Fargo offers two types of savings accounts, but the rates are low unless you carry a large balance.
( 22
min )
A cryptocurrency wallet is a software program that stores your cryptocurrency keys and lets you access your coins. Discover how crypto wallets work.
( 26
min )
A savings account is an essential part of your financial toolbox. Learn about Ally Bank savings accounts and their rates and decide if they are a fit for you.
( 21
min )
Current and capital accounts represent two halves of a nation's balance of payments: net income and net change of assets and liabilities respectively.
( 22
min )
A system malfunction has led Toyota to suspend operations in all 14 of its plants in Japan, disrupting its supply chain and temporarily impacting output.
( 17
min )
With home prices hitting record highs, you’d think more people would be putting their houses up for sale—but most people with 30-year fixed-rate mortgages got them at a time when mortgage rates were much lower.
( 16
min )
BYD reported a 204.7% jump in profit in the first half of the year, stemming from its auto segment as deliveries broke a record.
( 17
min )
A warm card is a type of bank card that provides restricted access to a business account. Typically, these cards allow deposits but not withdrawals.
( 21
min )
Personal loan rates moved up again this week, to 21.11%, adding 24 basis points since last week when the average personal loan rate sat at 20.87%.
( 18
min )
Reduce the cost of owning and maintaining a car with these clever tax tips.
( 22
min )
Delaware provides favorable tax shelters, which has led high numbers of companies to incorporate there.
( 22
min )
Credit rating agencies assess the creditworthiness of companies and governments and the debt they issue, while credit bureaus provide credit information on individual consumers.
( 23
min )
These are the top 10 most heavily weighted stocks in the S&P 500 Index.
( 25
min )
Beer is a complex beverage shaped by supply and demand, production and distribution – with regulation thrown in for that extra kick.
( 24
min )
Low working capital can be either a sign of financial trouble or an indication of savvy business management. Learn more about how to judge the difference.
( 20
min )
De prijzen voor elektrisch rijden per laadpunt zijn niet altijd even duidelijk voor consumenten, blijkt uit onderzoek van de Consumentenbond. Ook verschillen de laadtarieven soms flink. Experts en NU.nl-lezers geven tips over hoe je je auto toch goedkoop kunt opladen.
( 4
min )
Opsporingsdiensten van zeven landen, waaronder Nederland, hebben vrijdag en zaterdag samen een groot crimineel netwerk van gehackte computers ontmanteld. Met het netwerk van 700.000 gehackte computers konden hackers fraude plegen of bedrijven afpersen.
( 3
min )
De Franse overheid probeert bedrijven nog meer aan te moedigen om de prijzen te verlagen. Ook ligt er een plan om kortingen op verzorgingsproducten te maximeren. Supermarktketen Carrefour merkt dat Fransen de hand op de knip houden en wil uitstel.
( 4
min )
Barça Media, een dochterbedrijf van profvoetbalclub FC Barcelona, verhuist zijn hoofdkantoor naar Nederland. Het hoopt hierdoor beter toegang te krijgen tot Amerikaanse investeerders. Het is het tweede Spaanse bedrijf in korte tijd dat naar ons land komt.
( 4
min )
China heeft mensen in andere landen geprobeerd te beïnvloeden met ruim 7.700 spam-accounts op Facebook en Instagram. Facebook-moederbedrijf Meta zegt dat het alle accounts heeft verwijderd in wat het bedrijf 'de grootste opruimactie ooit' noemt.
( 3
min )
Het gevaar van betaalproblemen en restschulden bij aflossingsvrije hypotheken is in de afgelopen drie jaar grotendeels geweken. Het aantal huishoudens met een risicovolle aflossingsvrije hypotheek is afgenomen van bijna 600.000 begin 2020 naar ruim 200.000 nu.
( 4
min )
Frankrijk ziet het zonnig in: het meestbezochte land ter wereld verwacht dit jaar maar liefst 67 miljard euro aan inkomsten uit toerisme. Dat is fors meer dan de 58 miljard euro van vorig jaar.
( 3
min )
De populaire Volkswagen-curryworst maakt binnenkort een comeback in de bedrijfskantine van het autobedrijf. De kantine in het directiegebouw schrapte de worst in 2021 van het menu, omdat die geen vlees- en visproducten meer verkocht.
( 4
min )
NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. De prijzen voor elektrisch laden kunnen flink verschillen per laadpunt, blijkt uit onderzoeken van de Consumentenbond. Rijd jij in een elektrische auto? Hoe zorg je ervoor dat je goedkoop kunt laden? Deel je tips!
( 2
min )
Het risico op betaalproblemen en restschulden op aflossingsvrije hypotheken is in de afgelopen drie jaar voor een groot deel verdwenen. Het aantal huishoudens met een risicovolle aflossingsvrije hypotheek daalde van bijna 600.000 begin 2020 naar ruim 200.000 nu.
( 4
min )
De populaire Volkswagen-curryworst maakt binnenkort een comeback in de bedrijfskantine van het autobedrijf. De kantine in het directiegebouw schrapte de worst in 2021 van het menu, omdat die geen vlees- en visproducten meer verkocht.
( 4
min )
De technische storing bij de Britse luchtverkeersleiding die maandag is ontstaan, kan volgens BBC News "nog dagen aanhouden". Vanwege de storing zijn al honderden vluchten geannuleerd.
( 3
min )
Nederland wordt steeds minder afhankelijk van Duitsland. Dat is een van de redenen dat de Nederlandse economie bovengemiddeld snel hersteld is van de coronacrisis.
( 3
min )
De populaire Volkswagen-curryworst maakt binnenkort een comeback in de bedrijfskantine van het autobedrijf. De kantine in het directiegebouw schrapte de worst in 2021 van het menu, omdat die geen vlees- en visproducten meer verkocht.
( 4
min )
De technische storing bij de Britse luchtverkeersleiding die maandag is ontstaan, kan volgens BBC News "nog dagen aanhouden". Vanwege de storing zijn al honderden vluchten geannuleerd.
( 3
min )
A box-top order is an order to buy or sell the best market price.
( 18
min )
The Fed has already pushed CD rates to record levels—as high as 5.85%. But it still has three 2023 meetings to go. Will it nudge interest rates even higher this year?
( 17
min )
U.S. equities added to last week's gains, with the S&P 500 closing up 0.6% on Monday, Aug. 28, 2023, following Fed Chair Powell's interest rate hike comments.
( 16
min )
Novocure shares plunged after the provider of cancer-fighting treatments reported a Phase 3 trial of its Tumor Treating Fields (TTFields) therapy for ovarian cancer patients failed to meet its goal.
( 17
min )
Ever since a pandemic-era protection for Medicaid recipients expired in March, states have removed more than 5.4 million people from the rolls—with some states showing more gusto for disenrolling than others
( 17
min )
Today's best CD rates are 5.85% from One America Bank, 5.75% from Abound Credit Union, MapleMark Bank, and BluPeak Credit Union, and 5.70% from Langley Federal Credit Union.
( 21
min )
Learn about the fundamental concept of supply and demand and how it relates to individual daily purchases.
( 22
min )
Medical tool supplier Danaher moved to expand its product offerings by purchasing British biotech firm Abcam Plc for $5.7 billion, including debt.
( 16
min )
Inflation and the value of money have an inverse relationship. Inflation decreases the value of a dollar, making what you have today worth less tomorrow.
( 25
min )
ChatGPT Enterprise offers faster performance and uncapped data usage and has already been deployed by companies including Block, Canva, and Estee Lauder.
( 17
min )
Over four million consumers have been cheated out of almost $3.1 billion, CFPB says.
( 18
min )
The U.S. Department of Transportation fined American Airlines for violating its rules on tarmac delays of three hours or more.
( 18
min )
MINT (Mexico, Indonesia, Nigeria, Turkey) is an acronym that refers to a group of countries with the potential to realize rapid economic growth.
( 19
min )
The Big Five Banks is a term to describe the five largest banks in Canada: Royal Bank, The Bank of Montreal, Canadian Imperial Bank of Commerce, The Bank of Nova Scotia and TD Canada Trust.
( 22
min )
Goldman Sachs on Monday agreed to sell off its Personal Financial Management (PFM) unit to Creative Planning, a Kansas-based Registered Investment Advisor (RIA).
( 17
min )
A government policy has microeconomic effects whenever its implementation alters the inputs and incentives for individual economic decisions.
( 21
min )
Life settlements allow life insurance owners to sell a policy they no longer want or need. Here's how these deals work.
( 23
min )
Employers having a hard time filling jobs could get some help from a source that’s traditionally boosted the U.S. economy—immigration.
( 19
min )
Grocery delivery app Instacart filed its application for an Initial Public Offering (IPO) on Friday after the easing pandemic cut its valuation before a previous attempt late last year.
( 17
min )
The Express is live and direct from Invest Fest 2023, the flagship event from Earn Your Leisure, as 20,000 attendees flock to Atlanta to learn wealth building, entrepreneurship, and investing lessons from some of the biggest names in the business.
( 19
min )
Examining the gross domestic product growth and composition of Mexico, the second-largest economy in Latin America.
( 25
min )
U.S. equities gained at midday on Monday, Aug. 28, 2023, adding to Friday's advance following interest rate comments from Fed Chair Jerome Powell.
( 16
min )
Rates on 30-year mortgages rose moderately, but thanks to a notable dip in the previous days, rates are still below the 22-year high they reached early last week.
( 20
min )
3M shares jum reports the conglomerate has tentatively settled lawsuits over accusations of hearing loss by members of the military who used its earplugs.
( 18
min )
Boston Scientific (BSX) reported positive results from a clinical trial for an electrical field system to treat patients with atrial fibrillation (AF).
( 16
min )
Financial analysts work in different ways. Learn about potential conflicts of interest and whether a sell-side, buy-side, or independent analyst is for you.
( 24
min )
Initial vehicle deliveries in Belgium, Switzerland, and the Netherlands are slated for the end of September.
( 18
min )
Read about the impact of quantitative easing, or QE, on stock market prices, and learn the potential implications of ending this monetary policy.
( 22
min )
Horizon Therapeutics shares jumped more than 5% early trading Monday after the FTC said it would suspend its challenge to Amgen's acquisition of the drug maker.
( 18
min )
Jabil shares jumped after agreeing to sell its mobility business to the electronics arm of EV maker and Apple vendor BYD for $2.2 billion.
( 17
min )
The price of an option, otherwise known as the premium, has two basic components: intrinsic value and time value.
( 20
min )
Chinese start-up Xpeng eliminated a potential rival and gained tech by acquiring mobility company DiDi's smart EV development arm, leading its shares to soar.
( 17
min )
Stellar, which shares similarities with Ripple, is a low-cost, open-source, distributed ledger platform.
( 21
min )
Driverless cars have piqued human interest for centuries. A true driverless car, however, has remained elusive until recently.
( 26
min )
Fears are rising that China is headed for an economic "hard landing" due to its property sector's debt accumulation—leading to concerns it may impact other international economies.
( 19
min )
A survey of July mortgage performance data by analytics firm Black Knight finds that foreclosure activity has hit its lowest level in 15 months, as serious delinquencies continue to fall.
( 18
min )
Common policy declarations contain the basic information that defines an insurance policy, such as the amount of coverage, premium, and policy terms.
( 20
min )
Maximum Foreseeable Loss (MFL) is the largest financial hardship a policyholder may have after an adverse event damages or destroys covered property.
( 20
min )
Your health insurance plan has set co-pays for doctor visits and prescriptions, as well as a deductible. But what’s the difference between the two?
( 23
min )
Discover the impact that Amazon has on the greater U.S. economy in terms of wage growth, inflation, and wealth creation.
( 26
min )
There are significant obstacles preventing perfect competition in today's economy, and many economists think it is better that way. Learn more about why this happens.
( 22
min )
A security deposit is money that is given to a lender, seller, or landlord as proof of intent and may be used to pay for damages caused by a renter.
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All-risks coverage is insurance coverage for any incident that an insurance policy doesn’t specifically exclude.
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min )
Chain banking is a form of bank governance that occurs when a small group of people control at least three banks that are independently chartered.
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Bitcoin's debut as an investment vehicle may be complicated by the rehypothecation and commingling practices of Wall Street firms.
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(Bloomberg) -- In a hotel ballroom overlooking the South China Sea, 24-year-old Taylor sits with 13 other university students in hoodies and sneakers coding away on laptops during their school break. Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the Globe3M Agrees to Pay More Than $5.5 Billion Over Combat EarplugsAuto Union Boss Wants 46% Raise, 32-Hour Work Week in ‘War’ Against Detroit CarmakersGoldman Is Selling a Wealth-Advisory Unit to $240 Billion Money Man
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Workhorse Group fell short in its first try to get shareholders to more than double the number of outstanding shares in the electric step van maker. The post Workhorse falls short on votes to increase share count appeared first on FreightWaves.
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“China has now seen consistent and large outflows for the past 18 months, as investors grow wary of autocracies,” IIF chief economist Robin Brooks wrote in a Sunday post.
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Medical Properties Trust is responding to a skeptical take on its Prospect deal.
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min )
The cuts at the Los Angeles-based insurance company amount to 11% of its workforce. They come as insurers have shown increasing reluctance to write policies for Californians.
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Through Friday, the market benchmark was down 5.3%, while the tech stock had fallen 9.1%.
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Here's what has changed, what has not, and what has stayed the same since the July bid for the Pittsburgh steelmaker became public two weeks ago.
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Personal finance expert Dave Ramsey has raised concerns about the growing popularity of adjustable-rate mortgages (ARMs). In a recent episode of "The Ramsey Show," Ramsey didn't hold back in describing ARMs as a "ticket to foreclosure" rather than a pathway to homeownership. In the episode, co-host George Kamel brought up a "passive-aggressive" question posted on Experian regarding whether adjustable-rate mortgages could help people purchase homes. Ramsey made it clear that he saw a potentially
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Ever wondered where the truly wealthy stash their cash? It’s a question that fascinates many, and the answer might surprise you. A recent survey by Bank of America Private Bank sheds light on the financial habits of millionaires in the United States. It turns out that the wealthiest Americans, particularly those ages 21 to 42 with at least $3 million in investable assets, are taking a different approach to wealth management than their older counterparts. According to the survey, these young mill
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After toppling Bud Light to become the best-selling beer brand in the U.S. on the year, Modelo Especial has extended its lead over the beleaguered Anheuser-Busch brand.
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min )
“Copper’s eventual bull run is likely to make oil’s famous 2008 rally look like child’s play,” Citi’s managing director for commodities research, told clients.
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The popular A.I. open-source platform Hugging Face was already a unicorn in 2022, but the company just keeps drawing in major funding.
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In the realm of wise investors and business moguls, Charlie Munger, the billionaire business partner of Warren Buffett, is a source of valuable advice. His interests span wide, but they all converge on a singular focus: the pursuit of wealth, happiness and the avoidance of making dumb mistakes. During the 2023 Berkshire Hathaway Inc. annual meeting, Buffett expressed his desire to be born in the present day, considering it a superior world compared to any before. He acknowledged that modern comm
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As the chairman of O’Leary Ventures and a star on the reality TV show “Shark Tank,” Kevin O’Leary has seen a lot of business triumphs and blunders. But what’s been happening to Bud Light lately still strikes him as unprecedented. In a recent interview with Fox Business, O’Leary said that Bud Light's situation is unheard of in the beer industry. “Beer brands take decades to build and usually are fighting [for] 1% to 2% share per year by spending hundreds of millions of dollars on advertising,” he
( 33
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Inflation has been a big concern for both the Federal Reserve and investors. But according to Tom Lee, co-founder and head of research at Fundstrat Global Advisors, this concern will soon diminish. "I think inflation is on a glide path towards sub three, sub two by the middle of next year," Lee said on CNBC recently. In July, the consumer price index (CPI) rose 3.2% from a year ago. Core CPI, which excludes food and energy, showed a 12-month increase of 4.7%. Both metrics increased by 0.2% month
( 33
min )
Through Friday, the market benchmark was down 5.3%, while the tech stock had fallen 9.1%.
( 26
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VinFast stock is soaring again on heavy trading volume. The average holding period for VinFast stock is less than two days.
( 26
min )
There is good news for investors in the aerospace company a few days after a quality problem with a supplier knocked a few dollars off the stock price.
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Just because something hasn’t happened yet, doesn’t mean it isn’t about to. That essentially is the view of legendary investor Stanley Druckenmiller on the prospect of a looming recession. Unlike other financial prognosticators, Druckenmiller hasn’t flip-flopped on the issue and has remained adamant a recession is on the way. “To me the probabilities haven’t changed,” Druckenmiller has said, “it has been pushed out relative to expectations, but in no way does the fact that it hasn’t started yet
( 34
min )
Nvidia upgraded, CrowdStrike downgraded: Wall Street's top analyst calls
( 33
min )
China’s Ministry of Finance on Sunday said it would halve stamp duty on securities transactions, to 0.05%, starting Monday.
( 27
min )
The electric-vehicle company announced it has opened up new European distribution markets in Belgium, the Netherlands, and Switzerland.
( 26
min )
XPeng plans to launch a new EV brand in 2024, targeting the mass market segment at a price range of around 150,000 Chinese yuan ($20,565).
( 27
min )
Smaller owners of hotels are finding it tough to compete against giant players like Host. The Hersha takeover may not be the last opportunistic move by private equity we see in the lifestyle hotel segment.
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Buybacks can often be a key ingredient to stock market returns for investors.
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The industrial scientific-supplies company agrees to acquire all shares outstanding for $24.00 each.
( 26
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3M is said to be close a settlement, estimated at about $5.5 billion, that could resolve hundreds of thousands of lawsuits from veterans blaming the company's earplugs for hearing loss.
( 9
min )
Everyone is talking about an anonymous memo containing damning—and potentially fabricated—accusations against the hedge fund.
( 32
min )
The electric-vehicle company announced it has opened up new European distribution markets in Belgium, the Netherlands, and Switzerland.
( 26
min )
The Wall Street Journal reports that 3M is nearing a $5.5 billion settlement to resolve claims over potentially faulty earplugs. The amount is lower than analysts expected.
( 26
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The company made a blowout debut on Wall Street this month and has quickly grown in valuation to become the third-most valuable automaker - only behind Tesla and Toyota. But Vinfast's small amount of publicly available shares has made the stock prone to volatility, with shares jumping or slumping more than 14% in 11 of the past 12 sessions. The stock was on track to add nearly $50 billion to its market capitalization, based on the premarket share price of $90.55.
( 31
min )
Taiwanese microchip manufacturer TSMC blames struggle to build Phoenix plant on skilled labor shortage but workers cite disorganization and safety concerns
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min )
XPeng plans to launch a new EV brand in 2024, targeting the mass market segment at a price range of around 150,000 Chinese yuan ($20,565).
( 27
min )
Years of disappointment have sapped investor interest in the Californian maker of fuel-cell electricity generators, but now power-starved data center owners are knocking.
( 26
min )
Bitcoin is giving up gains made over the weekend.
( 26
min )
(Bloomberg) -- Beaten-down US Treasuries are proving irresistible to some investors even after Federal Reserve Chair Jerome Powell said he’s ready to raise interest rates again to choke off inflation.Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion Over Combat EarplugsSaudi Arabia’s Interested in Champi
( 32
min )
(Bloomberg) -- Viasat Inc. has more than $1 billion of orbiting satellites in trouble, and space insurers are girding for market-rattling claims.Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion Over Combat EarplugsSaudi Arabia’s Interested in Champions League Football EntryThe company’s roughly $1 billi
( 34
min )
Homeowners are responding to a sharp rise in the cost of a policy.
( 26
min )
Chinese ride-hailing firm Didi Global has agreed to sell its electric vehicle (EV) arm to EV maker Xpeng in exchange for shares worth HK$5.84 billion (US$744 million), exiting a once promising business that is now crowded with 200 licensed players. Guangzhou-based Xpeng will issue the shares at HK$64.03 apiece, according to exchange filings by the two companies on Monday. Beijing-based Didi, which was slapped with an 8 billion yuan (US$1.1 billion) fine for data violations by China's internet wa
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min )
Interest on federal loans restarts on Friday and the first payments are due in October.
( 27
min )
The contract electronics manufacturer says the deal is the largest in its history.
( 27
min )
3M is a nearing a settlement of about $5.5 billion that would resolve claims it sold faulty combat earplugs to the U.S. military, The Wall Street Journal reports, Jabil reaches an agreement to sell its mobility business to BYD Electronic for about $2.2 billion, and shares of Alibaba and JD.com rise after the Chinese government says it will reduce a tax on trading.
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BENGALURU (Reuters) -India's Reliance Industries Ltd on Monday appointed the three children of Chairman Mukesh Ambani as board directors at the oil-to-telecoms conglomerate, as the billionaire prepares to eventually hand over the reins. Ambani, Asia's richest person, has previously said his children Isha, Akash and Anant would have significant roles in the business and that Reliance was "in the process of effecting a momentous leadership transition". Mukesh Ambani was re-appointed as chairman of the company for another five years in July.
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China’s Ministry of Finance on Sunday said it would halve stamp duty on securities transactions, to 0.05%, starting Monday.
( 27
min )
JPMorgan analysts have indicated that the recent corrective phase in the cryptocurrency markets, accompanied by liquidations, might have concluded.
( 30
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(Bloomberg) -- Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings. The yuan also strengthened. Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate PollsChina Stocks May Open Higher on Measures to Boost MarketChina’s Worsening Economic Slowdown Is Rippling Across the Globe3M
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min )
Tail risk refers to the risk of an asst moving three standard deviations from its current price on the back of a rare event.
( 32
min )
Here is your Pro Recap of the biggest analyst picks and cuts you may have missed today: upgrades at Forward Air, Zimmer Biomet, and UGI, and downgrades at CrowdStrike and L3Harris Technologies. Crowdstrike (NASDAQ:CRWD) shares fell more than 2% premarket today after Morgan Stanley downgraded the company to Equalweight from Overweight and cut its price target to $167.00 from $178.00 ahead of Q2/24 earnings announcement on Wednesday. Morgan Stanley believes that the consensus forecast for NNARR is overly optimistic at 6% year-over-year growth in Q3 and sees a downside to a 12% growth estimate in Q4.
( 32
min )
(Bloomberg) -- China Evergrande Group delayed key votes on its offshore-debt restructuring plan just hours before they were to occur Monday, adding to uncertainty in a protracted process to finalize one of the country’s biggest restructurings ever.Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion Over Mi
( 33
min )
I insisted for years that a seasonal pattern doesn’t exist for stocks. A recent study has changed my mind.
( 26
min )
(Bloomberg) -- Tech billionaire Terry Gou denied Beijing could pressure him through his extensive operations in the country, which include much of Apple Inc.’s supply chain — in comments that came as he said he’d run in Taiwan’s next presidential election.Most Read from BloombergChina’s Worsening Economic Slowdown Is Rippling Across the GlobeMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate Polls3M Agrees to Pay More Than $5.5 Billion
( 32
min )
Regulators cut stamp duty and plan to reduce IPO supply.
( 26
min )
If you liked the chip maker in January, you should like it now. The stock hasn't had such a low forward price/earnings ratio since the price was a lot lower.
( 26
min )
Malaysia will create a "special financial zone" in embattled Chinese developer Country Garden's $100 billion project in the Southeast Asian nation and offer incentives to attract investments, Prime Minister Anwar Ibrahim said. The massive Forest City project is being build across four reclaimed islands in Malaysia's Johor state near Singapore, and aims to house 700,000 people by 2035. It will include office towers, malls and schools in addition to residential buildings.
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(Bloomberg) -- Didi Global Inc. has agreed to sell its smart car development arm to Xpeng Inc. for HK$5.84 billion ($744 million), exiting a promising business in the world’s largest electric vehicle market.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTwitchy Traders Have S&P 500 Comebacks Fizzling at Historic PaceTrump Doesn’t Look So Invincible in Post-Debate PollsChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketThree US Marines Killed After O
( 31
min )
China Evergrande Group, the world’s most indebted developer, narrowed its first-half loss significantly mainly due to an absence of impairment loss on investments.
( 25
min )
XPeng’s shares rose sharply in Hong Kong after the electric-vehicle maker announced a strategic partnership with ride-hailing giant DiDi Global.
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(Bloomberg) -- Asian stocks look poised to follow US equities with modest gains Monday after Jerome Powell said the Federal Reserve would “proceed carefully” on whether to raise interest rates again, while signaling policy will remain tighter for longer.Most Read from BloombergMarkets Brace for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate PollsThree US Marines Killed After Osprey Crash in AustraliaChina Cuts Stock Trade Tax, Tightens IPOs to Boost
( 33
min )
(Bloomberg) -- China Evergrande Group is poised to resume stock trading on Monday, ending a 17-month halt, after the world’s most-indebted developer unveiled a $4.5 billion loss in the first half.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTwitchy Traders Have S&P 500 Comebacks Fizzling at Historic PaceTrump Doesn’t Look So Invincible in Post-Debate PollsChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketThree US Marines Killed After Osprey Crash
( 32
min )
Bitcoin, Ether and other top 10 non-stablecoin cryptocurrencies held steady, despite Fed chair Jerome Powell's hawkish comments on U.S. inflation.
( 32
min )
(Bloomberg) -- Chinese stocks jumped after authorities announced a slew of measures to woo back investors including a reduction of the stamp duty on stock trades and a slower pace of initial public offerings. Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate PollsChina Stocks May Open Higher on Measures to Boost MarketChina’s Worsening Economic Slowdown Is Rippling Across the GlobeThree US Marines Killed After
( 32
min )
(Bloomberg) -- The electronics arm of electric-vehicle maker BYD Co. agreed to buy Jabil Inc.’s manufacturing business in China for 15.8 billion yuan ($2.2 billion), expanding its reach in mobile devices.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTrump Doesn’t Look So Invincible in Post-Debate PollsChina Stocks May Open Higher on Measures to Boost MarketChina’s Worsening Economic Slowdown Is Rippling Across the GlobeThree US Marines Killed After Ospre
( 31
min )
HONG KONG (Reuters) -Shares of China Evergrande Group shed 86.7% early on Monday when trading resumed following a 17 month suspension, after saying it had "adequately" fulfilled all guidance issued by the Hong Kong Stock Exchange. Evergrande, the world's most-indebted property developer, is at the centre of a crisis in China's property sector that since late 2021 has seen a string of debt defaults. Its shares listed in Hong Kong traded as low as HK$0.22 on Monday, with its market capitalisation shrinking to HK$3.2 billion ($408.02 million).
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Layoffs are down, but employers are still finding ways to cut jobs.
( 22
min )
China's car hailing giant Didi said it is selling its autonomous vehicle unit to electric car company Xpeng, forming a strategic partnership to launch a new car brand in 2024. To acquire assets related to Didi's smart EV project, Xpeng will issue class A shares representing about 3.25% of the company's outstanding share capital, Xpeng said.
( 31
min )
Charlene Chu, senior analyst at Autonomous Research, talks to Barron's about China’s ailing economy, high debt, troubled real-estate market, and opaque banking system.
( 26
min )
(Bloomberg) -- Global investors have little confidence that China will succeed in shoring up its financial markets, predicting that mounting economic stress will drive the yuan’s offshore exchange rate to historic lows.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTwitchy Traders Have S&P 500 Comebacks Fizzling at Historic PaceTrump Doesn’t Look So Invincible in Post-Debate PollsChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketThree US Marines Ki
( 32
min )
Onze economie kon vorig jaar flink profiteren van het groeiend aantal toeristen. Buitenlandse en Nederlandse vakantiegangers gaven samen 96 miljard euro uit in ons land, ongeveer 60 procent meer dan in coronajaar 2021.
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min )
De tarieven van openbare laadpalen kunnen flink uiteenlopen, zelfs binnen één straat. Bovendien zijn de prijzen voor consumenten lang niet altijd duidelijk. Dat blijkt uit onderzoek van de Consumentenbond.
( 4
min )
Door een lek bij het Kadaster was het mogelijk om namen en woonadressen van bijna alle Nederlanders met een koopwoning te bekijken. Dat bevestigen het Kadaster en de Autoriteit Persoonsgegevens maandag na berichtgeving van RTL Nieuws.
( 3
min )
De speelgoedwinkels van Intertoys staan in de verkoop. Moederbedrijf Mirage Retail Group heeft dat besloten omdat het denkt dat dat beter is voor Intertoys, bevestigt topman Michiel Witteveen na berichtgeving van Het Financieele Dagblad (FD).
( 4
min )
Britse luchtverkeersleiders moeten maandag het aantal vliegtuigen in het luchtruim beperken vanwege een technisch probleem. Luchtvaartmaatschappijen en luchthavens verwachten veel vertragingen en geannuleerde vluchten. Ook het vliegverkeer vanaf Schiphol wordt geraakt.
( 3
min )
Britse luchtverkeersleiders moeten maandag het aantal vliegtuigen in het luchtruim beperken vanwege een technisch probleem. Luchtvaartmaatschappijen en luchthavens verwachten veel vertragingen en geannuleerde vluchten. Ook het vliegverkeer vanaf Schiphol wordt geraakt.
( 3
min )
Je hebt tot en met donderdag 31 augustus de tijd om zorgtoeslag en huurtoeslag over 2022 aan te vragen. "Vaak denken mensen dat ze geen recht hebben op toeslagen, terwijl dit wel zo is", schrijft de Belastingdienst. Ook is het de laatste week waarin je belastingaangifte kunt doen.
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min )
De Europese Centrale Bank (ECB) zal de rente voorlopig niet verlagen vanwege de hoge inflatie. Dat zei de Franse minister van Financiën Bruno Le Maire maandag op de radio.
( 3
min )
De politie stopt met het gebruik van een algoritme dat voorspelt wie in de toekomst geweld zou kunnen gebruiken. Dat zegt een woordvoerder van de politie na berichtgeving door Follow the Money.
( 3
min )
Bij het internationale ruimtestation ISS zijn vier nieuwe bemanningsleden aangekomen, meldt NASA op X (voorheen Twitter). Ze blijven daar nu ongeveer een half jaar om meer dan tweehonderd experimenten te doen ter voorbereiding op andere ruimtemissies.
( 3
min )
Na bijna twee jaar moet een grote groep ondernemers achterstallige belastingen uit de coronatijd echt gaan betalen. Duizenden ondernemers staken tot nu toe hun kop in het zand, maar moeten voor komende dinsdag 29 augustus in actie komen.
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min )
De overheid had eind 2022 nog een tekort van slechts 1,4 miljard euro in de schatkist. Door economische groei en bijvoorbeeld inkomsten uit online kansspelen klimt de overheid uit een financieel dal.
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min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Er is dit jaar een recordaantal warmtepompen verkocht. Vandaag is daarom de stelling: 'Een warmtepomp is onmisbaar vanwege de hoge gasprijzen'. Breng je stem uit en discussieer mee.
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min )
Woningeigenaren kopen dit jaar waarschijnlijk een recordaantal warmtepompen. Er zijn dit jaar al meer dan 110.000 exemplaren geïnstalleerd, net zo veel als in heel 2022. De verwachting is dat aan het einde van het jaar 170.000 pompen zijn geplaatst.
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min )
Discover how globalization can lead to unprecedented economies of scale for firms across the world, leading to higher global efficiency and productivity.
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min )
A hard fork occurs when there is a permanent split in a blockchain. An airdrop occurs when a new cryptocurrency token is deposited directly into users’ wallets.
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min )
Consumer affairs expert Dr. Kathryn J. Morrison takes us inside the auto loan process from application to signing on the dotted line.
( 27
min )
Websites and credit cards can offer you direct and indirect sources of free money to pay off your student loan.
( 26
min )
A cryptocurrency is a digital or virtual currency that uses cryptography and is difficult to counterfeit.
( 30
min )
A bordereau is a report provided by an insurance company for a reinsurer that lists either assets that are insured or claims that have been made.
( 18
min )
Target-date funds may seem like an obvious choice but they have some drawbacks compared to S&P 500 Index funds.
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min )
Learn more about fiat currency and legal tender. Find out how these terms are used by economists to describe different types of money.
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min )
Expected loss ratio (ELR) method is a technique used to determine the projected amount of claims, relative to earned premiums. The expected loss ratio method is used when an insurer lacks the appropriate past claims occurrence data.
( 19
min )
A zero-lot-line house is a piece of residential real estate in which the structure comes up to, or very near to, the edge of the property line.
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min )
GNF, or the Guinea franc, is the currency of the Republic of Guinea.
( 19
min )
DigiCash was one of the earliest versions of electronic money and a predecessor of cryptocurrencies.
( 19
min )
IOTA (MIOTA) is a distributed ledger designed to record and execute transactions between devices in the Internet of Things (IoT) ecosystem.
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min )
Becoming a landlord can be challenging but also rewarding, depending on various factors.
( 23
min )
Renting a car when you're taking a trip provides numerous advantages but hidden costs can come back to bite you if you don't know what to look for.
( 18
min )
Learn the differences between finance and economics, two closely related disciplines, and how they inform and influence each other.
( 25
min )
Whether you're trying to escape the snowy season or revel in it, here are some choice destinations if you want to buy a winter vacation home.
( 22
min )
This viewer's guide to the hit show "Billions" on Showtime helps fans understand the financial industry jargon that is interwoven through the show's intense plot.
( 35
min )
Currency risk is a form of risk that arises from the change in price of one currency against another. Investors or companies that have assets or business operations across national borders are exposed to currency risk that may create unpredictable profits and losses.
( 21
min )
Major artists such as Demi Lovato and Ariana Grande are reportedly leaving Scooter Braun, millionaire manager to some of the biggest pop stars. Braun has a net worth of $500 million, thanks to several lucrative deals and acquisitions, including his controversial sale of Taylor Swift's music catalog.
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min )
Even when accounting for factors such as parental status, location within the U.S., race and ethnicity and health insurance coverage, the middle class faces the worst medical debt burden.
( 18
min )
The impact of the 2008 financial crisis was felt around the world. Here is a look at how some of the primary players fared in the years after the failure.
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min )
With the debate on wages continuing in Congress and in the public arena, here are some of the major pros and cons of raising the minimum wage.
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Your money is safe in the iShares 20 Plus Year Treasury Bond ETF (TLT), but its performance gets better or worse with the overall direction of interest rates.
( 20
min )
Real gross domestic product (GDP) gives a clearer picture of economic output than nominal GDP as it adjusts the numbers for inflation or deflation.
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min )
A nominal interest rate is the real interest rate plus a projected rate of inflation. A real interest rate is what a lender or investor receives.
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min )
A nationally recognized statistical ratings organization (NRSRO) is a federally recognized organization that provides an assessment of creditworthiness.
( 21
min )
(Bloomberg) -- Fortescue Metals Group Ltd. said the company’s chief executive officer of its iron ore division, Fiona Hick, had resigned after less than six months in the role.Most Read from BloombergMarkets Ready for Swings After High-Rates Mantra of Jackson HoleTwitchy Traders Have S&P 500 Comebacks Fizzling at Historic PaceTrump Doesn’t Look So Invincible in Post-Debate PollsThree US Marines Killed After Osprey Crash in AustraliaChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketHick, w
( 31
min )
Electric vehicle maker BYD Co Ltd said on Monday its unit struck a deal with U.S.-based manufacturing firm Jabil Inc's Singaporean unit to buy its product manufacturing business in China for 15.8 billion yuan ($2.17 billion). ($1 = 7.2890 Chinese yuan renminbi)
( 30
min )
Legendary investor Peter Lynch has a straightforward perspective on corporate insiders and their actions in the stock market. He put it simply: insiders may sell shares for a range of reasons, but they only buy shares when they believe the price is going to rise. Keeping a close watch on insiders’ stock purchases can prove to be a profitable investment strategy. Corporate insiders, which include company officers and board members, possess valuable knowledge about company policies and performance
( 35
min )
Hostess Brands, the company behind Twinkies and Zingers, is considering a potential sale amid interest from food industry giants, according to a report by Reuters.
( 32
min )
Negotiations are ongoing to settle the largest mass tort in U.S. history with more than 300,000 claims.
( 27
min )
(Bloomberg) -- China’s economy was meant to drive a third of global economic growth this year, so its dramatic slowdown in recent months is sounding alarm bells across the world. Most Read from BloombergMarkets Brace for Swings After High-Rates Mantra of Jackson HoleThree US Marines Killed After Osprey Crash in AustraliaChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketTrump Doesn’t Look So Invincible in Post-Debate PollsPowell Has Bond Traders Right Where He Wants Them: Full of DoubtPoli
( 34
min )
(Bloomberg) -- The world’s top central bankers stressed the need to keep interest rates high until inflation is contained — and wrestled with deeper economic shifts that will make their jobs harder.Most Read from BloombergThree US Marines Killed After Osprey Crash in AustraliaMarkets Brace for Swings After High-Rates Mantra of Jackson HoleChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketPowell Has Bond Traders Right Where He Wants Them: Full of DoubtTrump Doesn’t Look So Invincible in Po
( 34
min )
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Target-date funds may seem like an obvious choice but they have some drawbacks compared to S&P 500 Index funds.
( 23
min )
Pizza Hut UK’s auditors have fired a warning shot over the company’s future amid concerns over its mounting debt pile.
( 31
min )
Property and casualty insurers are hiking premium rates to cover future losses. That bodes well for future profitability.
( 27
min )
Or as my friend and colleague Alex Wilhelm described it, Better.com had a Miserable.com week. To sum it up, digital mortgage lender Better.com made its public debut on August 24. Shares of SPAC partner, Aurora, were trading at $17.45 on Wednesday, before Better.com officially went public.
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This year’s strong rally has stuttered over the past few weeks. August has generally seen increased volatility and declines in the main market indexes. But that hasn’t affected a basic truth of the financial markets: stocks are individuals, and they rise and fall for idiosyncratic reasons. Investors should always check under the hood, to find out if a bargain price represents a good buy. That check can be rough, however, as there are reams of data to sort. Fortunately, investors can always turn
( 34
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(Bloomberg) -- Traders are girding for a volatile start to the week after US and European policymakers signaled interest rates will likely stay higher for longer during their annual confab at Jackson Hole.Most Read from BloombergThree US Marines Killed After Osprey Crash in AustraliaPowell Has Bond Traders Right Where He Wants Them: Full of DoubtSpaceX Blast Left Officials in Disbelief Over Environmental DamageChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketSaudi Arabia Signals Interest
( 32
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(Bloomberg) -- India, the world’s biggest exporter of rice, imposed more curbs on shipments of the grain in a move that’s likely to further squeeze global supplies of the food staple.Most Read from BloombergThree US Marines Killed After Osprey Crash in AustraliaPowell Has Bond Traders Right Where He Wants Them: Full of DoubtSpaceX Blast Left Officials in Disbelief Over Environmental DamageChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketSaudi Arabia Signals Interest in Champions League F
( 32
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Even when accounting for factors such as parental status, location within the U.S., race and ethnicity and health insurance coverage, the middle class faces the worst medical debt burden.
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(Bloomberg) -- Surprised that the S&P 500 swung into the green Friday? Don’t worry. Just wait. It’ll fall again after the next opening bell.Most Read from BloombergThree US Marines Killed After Osprey Crash in AustraliaPowell Has Bond Traders Right Where He Wants Them: Full of DoubtSpaceX Blast Left Officials in Disbelief Over Environmental DamageChina Cuts Stock Trade Tax, Tightens IPOs to Boost MarketFIFA Suspends Spanish Football Chief Over World Cup KissThat’s been the August trend, at least
( 33
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It's back-to-payment season. Student loan bills should start arriving in September or October. How do borrowers find their servicer?
( 36
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(Bloomberg) -- China lowered the stamp duty on stock trades for the first time since 2008 and pledged to slow the pace of initial public offerings, among a slew of new measures to woo investors back to its flagging equities market. Most Read from BloombergThree US Marines Dead After Australia Military Helicopter CrashSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Has Bond Traders Right Where He Wants Them: Full of DoubtFIFA Suspends Spanish Football Chief Over World Cup
( 31
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Deduction limit is generating 80% to 85% of expected revenue, the Tax Policy Center estimates.
( 26
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China will cut halve the stamp duty on stock trading from Monday, the finance ministry said on Sunday. The stamp duty on stock trades is now 0.1%.
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Some of the most prominent players in the digital-assets space cut their teeth at the mutual-funds powerhouse Fidelity Investments.
( 21
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Sinopec, the world's largest refiner by capacity, reported revenues of 1.59 trillion yuan for the six months, down 1.1% from the year earlier level. During the period, Sinopec processed a total of 126.54 million metric tons of crude oil, up 4.8% versus a year ago, and its refined fuel sales rose 18.5%, to 116.6 million tons, the company said in a stock filing. Domestic fuel demand extended recovery in the second quarter after a 6.7% year-on-year increase in the first three months, led by gasoline and aviation fuel as people travelled more.
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This article summarises the key data from Nvidia’s earnings report and takes a quick look at the chart to consider how the price might continue moving.
( 32
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Arista Networks, Inc. (ANET) shares have jumped 49% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
Monster Beverage Corp. (MNST) shares have jumped 12% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
Meta Platforms, Inc. (META) shares have jumped 138% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
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(Bloomberg) -- The zero-day options trade that has taken Wall Street by storm will finally arrive in Europe next week, in a fresh test for the region’s long-struggling capital markets.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Has Bond Traders Right Where He Wants Them: Full of DoubtFIFA Suspends Spanish Football Chief Over World Cup KissUS Marines Taken From Darwin Military Helicopter Crash: ReportsTesla Investors to Get $12,000 Each From Mu
( 33
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There has been a marked rise in a measure of the extra yield investors want to cover the risk of holding long-term rather than short-term debt. This is why.
( 26
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Friday was supposed to be Fiona Scott-Morton’s first day in Brussels. Her appointment as chief competition economist at the European Commission was announced last month with little fanfare on page six of its daily news bulletin.
( 33
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The American economist who turned down a top Brussels job after a backlash led by Emmanuel Macron has hit out at France’s “insecure” and xenophobic comments about her appointment.
( 32
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A crisis of confidence, easy access to credit, and falling home prices are creating a dizzying mix of financial calculations for Chinese households.
( 26
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Futures markets show a growing expectation that interest rates could stay higher for longer, exerting pressure on stocks.
( 26
min )
Research has pinpointed the prime years for making smart financial decisions.
( 22
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De schatkist van de overheid had eind 2022 een tekort van 'nog maar' 1,4 miljard euro. Door economische groei en het einde van coronasteunmaatregelen klimt de overheid uit een financieel dal.
( 4
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Het Chinese vastgoedconcern Evergrande zegt in de eerste helft van het jaar een hogere omzet en een kleiner verlies te hebben geboekt. Het bedrijf kwam bijna twee jaar geleden in de problemen en staat centraal in de voortslepende crisis in de Chinese vastgoedsector.
( 3
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Wie eind augustus door de Nederlandse natuur wandelt, ziet ze vrijwel overal hangen: bramen. Maar het is niet overal dezelfde braam. Van Drenthe tot Zeeland en van Amsterdam tot op de Veluwe zijn alle bramen eetbaar, maar zelden dezelfde soort.
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Een aantal grote Spaanse bedrijven en sponsoren van het Spaanse vrouwenelftal voegt zich bij de critici van Luis Rubiales. Ze roepen de voorzitter van de Spaanse voetbalbond op te vertrekken, omdat hij international Jenni Hermoso ongevraagd op de mond heeft gekust.
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Oostenrijk wil een groter deel van de winsten van energiebedrijven extra belasten. Eind vorig jaar voerde het land nog een nieuwe heffing in op hoge winsten van olie-en gasbedrijven als gevolg van de Russische invasie in Oekraïne, waardoor de energieprijzen omhoog schoten.
( 3
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De winsten van Chinese industriebedrijven zijn in juli verder gedaald: een nieuw signaal dat de op een na grootste economie ter wereld in het slop is geraakt. Onlangs heeft de Chinese centrale bank de rentes verlaagd om de groei aan te jagen.
( 4
min )
De winsten van Chinese industriebedrijven zijn in juli verder gedaald, een nieuw signaal dat de op één na grootste economie ter wereld in het slop is geraakt. Onlangs greep de centrale bank van het land in om de groei aan te jagen door rentes te verlagen
( 4
min )
De Indiase regering heeft extra beperkingen opgelegd op de export van rijst om de voedselzekerheid in eigen land te garanderen. Zo wordt er per direct een exportbelasting op voorgekookte rijst van 20 procent geheven, maakte het ministerie van Financiën bekend.
( 3
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Aan het begin van het studiejaar wordt weer duidelijk dat ook de woningmarkt voor studenten krap is. Dat zorgt ervoor dat verhuurders soms hoge bedragen vragen voor een bescheiden kamer in een studentenstad. Maar dat hoef je niet zomaar te pikken.
( 4
min )
The oil and gas industry is spending significantly more on new supply in 2023, but analysts at WoodMackenzie think that it may still not be enough to meet future demand
( 33
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(Bloomberg) -- Jerome Powell has the bond market exactly where he wants it: lacking conviction as to the Federal Reserve’s next steps.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Has Bond Traders Right Where He Wants Them: Full of DoubtTesla Investors to Get $12,000 Each From Musk’s SEC DealFIFA Suspends Spanish Football Chief Over World Cup KissAfter 15 Years, a New Private Jet Is America’s Most PopularIt’s a scenario — evident in part through
( 33
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Pilot Travel Centers has been forced to shut 19 of its outlets due to the liquidation of those sites’ operator, Mountain Express. The post 19 MEX centers, with Pilot branding, temporarily shut by operator bankruptcy appeared first on FreightWaves.
( 32
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Underlying inflation in Japan remains "a bit below" the Bank of Japan's 2% target, BOJ Governor Kazuo Ueda said at a Federal Reserve research symposium on Saturday, and as a result the bank will maintain the current approach to monetary policy. "We think that underlying inflation is still a bit below our target," Ueda said.
( 31
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Buybacks can often be a key ingredient to stock market returns for investors.
( 26
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Not everyone is getting in on the rally.
( 26
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(Bloomberg) -- China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve’s conference in Jackson Hole, Wyoming.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamageTesla Investors to Get $12,000 Each From Musk’s SEC DealPowell Signals Fed Will Raise Rates If Needed, Keep Them HighAfter 15 Years, a New Private Jet Is America’s Most Po
( 42
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The move gives the agency time to weigh a settlement that would allow the deal to close with conditions.
( 25
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(Bloomberg) -- China remains embedded in US supply chains even as American firms have taken steps to reduce direct imports from the Asian country, according to a paper presented at the Federal Reserve Bank of Kansas City’s annual Jackson Hole conference Saturday.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Has Bond Traders Right Where He Wants Them: Full of DoubtFIFA Suspends Spanish Football Chief Over World Cup KissTesla Investors to Get $12,
( 30
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Russia’s exit from the Black Sea export agreement and its attacks on Ukrainian ports have led to lower income and higher costs in Ukraine’s agriculture industry.
( 23
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Remote workers are feeling disconnected. But that’s not enough to make them want to come back to the office
( 31
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Shoppers have shifted their spending habits in a postpandemic world, leaving retailers in the lurch.
( 25
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The struggling 10-year U.S. Treasury Note, the world's benchmark bond, has never declined in value for three straight years—but it could this year.
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Questions persist regarding artificial-intelligence demand and geopolitics.
( 27
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Charlene Chu, senior analyst at Autonomous Research, talks to Barron's about China’s ailing economy, high debt, troubled real-estate market, and opaque banking system.
( 26
min )
Personal finance author Jonathan Clements says the best way to buy happiness is to sit on a pile of savings and enjoy the resulting peace of mind.
( 27
min )
The Federal Reserve chief left the central bank’s options open, in part to prevent investors from asking the next question: When will the Fed cut?
( 27
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Insurance companies are struggling to keep up with economic growth, population shifts, inflation trends and the most unpredictable variable of all: the rising prevelance of natural disasters—big and small.
( 27
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His company scooped up wine that the government seized when it took over Silicon Valley Bank and First Republic.
( 26
min )
The era of giant acquisitions at big premiums is over for now. The oil giants are seeking smaller acquisitions at tighter premiums.
( 27
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(Bloomberg) -- China’s regulators face a losing battle convincing global funds to invest in the nation’s stocks unless market boosting efforts are accompanied by stronger stimulus to support growth.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Signals Fed Will Raise Rates If Needed, Keep Them HighTesla Investors to Get $12,000 Each From Musk’s SEC DealNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationAfter 15 Years, a New Priv
( 32
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Investors wanted Nvidia to keep AI mania going and the Fed to stick to the script. But all that wasn’t enough to drive correction fears away.
( 27
min )
Shareholders' equity is a crucial number used to assess a company's real value. Here are its components.
( 21
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Open cover is a type of marine insurance policy in which the insurer agrees to provide coverage for all cargo shipped during the policy period.
( 19
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Chipotle Mexican Grill faces five main rivals. Read on to find out about more places like Chipotle.
( 21
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An investing comparison of e-commerce marketplaces Amazon and eBay using revenue, profitability, valuation metrics, and active user base.
( 22
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The Bornhuetter-Ferguson technique is a method for calculating an estimate of an insurance company’s losses.
( 19
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A report from Wells Fargo details how spending on AI could boost productivity, economic growth and interest rates, while concerns over job losses could be overstated.
( 18
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AA+ is the second-highest bond rating assigned by rating agency S&P while Aa1 is the equivalent from Moody's. Both signify a low-risk investment.
( 24
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Health insurance premiums vary wildly across the U.S. according to where you live and work, how old you are, your income, and more.
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A rating is an assessment tool assigned by an analyst or rating agency to a stock or bond indicating its potential for opportunity or safety.
( 22
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A sovereign credit rating is an independent assessment of the creditworthiness of a country or sovereign entity and how risky investing in it might be.
( 21
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Opening a brokerage account can be a confusing experience. Follow these steps to easily get through the process.
( 26
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When two parties engage in a loan transaction, minimum-interest rules can mandate that an interest rate that's not too low be charged, even in family deals.
( 22
min )
Fashion retailer Abercrombie & Fitch posted second-quarter earnings on Wednesday that blew past analysts' expectations, sending shares soaring more than 20%.
( 18
min )
The struggling 10-year U.S. Treasury Note, the world's benchmark bond, has never declined in value for three straight years—but it could this year.
( 19
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Apple, Google, Facebook moederbedrijf Meta, X (voorheen Twitter) en andere grote techbedrijven vallen vanaf nu onder een nieuwe Europese wet. Deze zogenoemde Digital Services Act (DSA) moet ervoor zorgen dat inwoners van de EU online beter zijn beschermd.
( 4
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Apple, Google, Facebook moederbedrijf Meta, X (voorheen Twitter) en andere grote techbedrijven vallen vanaf nu onder een nieuwe Europese wet. Deze zogenoemde Digital Services Act (DSA) moet ervoor zorgen dat inwoners van de EU online beter zijn beschermd.
( 4
min )
De Indiase regering heeft extra beperkingen op de export van rijst opgelegd om de voedselzekerheid in eigen land te garanderen. Zo wordt per direct een exportbelasting op voorgekookte rijst van 20 procent geheven, maakte het ministerie van Financiën bekend.
( 3
min )
De Belgische staat geeft een zogeheten staatsbon uit met een hoog rendement. Iedereen kan zo'n bon kopen, waardoor de Belgische banken onder druk staan om hun spaarrentes te verhogen. En het werkt. Toch wil Nederland er niet aan.
( 4
min )
Als het demissionaire kabinet de brandstofprijzen voor auto's in januari opnieuw laat stijgen zou dat voor zowel Nederlandse pomphouders in de grensstreek, als ook voor winkeliers en supermarkten "rampzalig" zijn. Daarvoor waarschuwt Ewout Klok, voorzitter van Belangenvereniging Tankstations (BETA).
( 4
min )
De wereldwijde vraag naar olie en gas houdt nog vele decennia aan, voorziet Bernard Looney, topman van het Britse energieconcern BP. Daarom moet er volgens hem blijvend worden geïnvesteerd in zowel de huidige energiesystemen als de energietransitie.
( 3
min )
Frankrijk zit met overtollige wijn in de maag. Het overschot is het afgelopen jaar flink gegroeid, waardoor meer wijn moet worden vernietigd. Het Franse ministerie van Landbouw maakt daarom tientallen miljoenen meer vrij voor de vernietiging hiervan.
( 3
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Door klimaatverandering wordt hitte in steden en dorpen een steeds groter probleem. Is daar wat aan te doen? Jazeker: tegels eruit, groen erin. Maar het zijn vooral hoge bomen die verschil maken - en die groeien niet in een dag.
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Zo'n 124.000 ouders hebben in het eerste jaar gebruikgemaakt van de nieuwe ouderschapsverlofregeling, meldt Het Parool op basis van UWV-cijfers. Het betaald ouderschapsverlof werd onder meer ingesteld om de gelijkheid tussen man en vrouw te bevorderen.
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The rate on the 30-year fixed mortgage rose to 7.48% in the last week, deepening affordability issues faced by prospective home buyers.
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The average 30-year fixed mortgage rate is now above 7%, which has tacked on an extra $1,000 in monthly mortgage payments for the median US home.
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Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.
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The company has been a consistent and successful innovator in small appliances, an industry that has been marked by slow growth and few exciting new products.
( 26
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In a show of confidence for video-conferencing giant Zoom Video Communications Inc., prominent investor Cathie Wood expanded her stake in the company. The move came as a response to Zoom’s stock decline following the release of its latest earnings. Don’t Miss: Online brokerages make ungodly amounts by selling your data. What trading platform doesn't sell your data to market makers? This one. Discover Johnny Depp's hidden talent that earned him $3.6 million in just a few hours and learn how you c
( 32
min )
(Bloomberg) -- Databricks Inc., the closely held software maker widely viewed as a candidate to go public, is in discussions with T. Rowe Price about a new funding round that would value the company at $43 billion, two people familiar with the matter said.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Has Bond Traders Right Where He Wants Them: Full of DoubtUS Marines Taken From Darwin Military Helicopter Crash: ReportsFIFA Suspends Spanish Footb
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Today's best CD rates are 5.85% on a jumbo from One America Bank, and 5.75% for smaller deposits from Abound Credit Union, MapleMark Bank, and BluPeak Credit Union.
( 21
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(Bloomberg) -- Stocks weathered the Jackson Hole confab to rebound this week. But for bulls looking to be made whole after last year’s shellacking, the road back is longer than they realize.Most Read from BloombergPowell Signals Fed Will Raise Rates If Needed, Keep Them HighNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationSpaceX Blast Left Officials in Disbelief Over Environmental DamageTesla Investors to Get $12,000 Each From Musk’s SEC DealTrump Returns to Musk’s X With Pos
( 33
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Michael Burry has always been one to challenge mainstream thinking. The renowned hedge fund manager successfully wagered against the U.S. housing bubble in 2008, a gutsy call that became the focal point of the film “The Big Short.” Now, he’s betting against the U.S. stock market. In its latest 13F filing with the Securities and Exchange Commission, Burry’s firm Scion Asset Management disclosed a substantial amount of put options against exchange-traded funds (ETFs) that track major U.S. stock ma
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min )
Roth-style catch-up contributions now won’t be mandated until 2026, not 2024.
( 26
min )
United States Steel now has one apparent bidder, and Cleveland-Cliffs is backed by the workers’ union.
( 26
min )
The Fed chair’s “long way to go” concept is wrongheaded, because at the current clip, inflation is already running near the Fed’s target, say two top economists.
( 33
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A supplier on Friday laid off at least 35 employees who make fighter jet parts for The Boeing Co.
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Baron Rothschild, an 18th-century English nobleman, has been credited with the famous saying, “The time to buy is when there’s blood in the streets.” Rothschild used that idea to build his fortune, and many other famous investors have done the same over the last three centuries. But it’s never easy to follow Rothschild’s advice. Most investors become fearful when stocks experience major declines, as the common psychological tendency is to believe that the future will be a continuation of the rec
( 35
min )
On Wednesday, Snowflake Inc (NYSE: SNOW) topped analysts' expectations with its latest quarterly revenue and earnings. The cloud data analytics company saw its shares rise 3% upon the report whose results boosted by rising data management and storage needs of businesses amid the generative AI hype. During the reported quarter, Snowlake revealed it has partnered with Nvidia (NASDAQ: NVDA) who smashed estimates with its monster quarter this week. Together, they will be empowering enterprises to bu
( 32
min )
Hostess Brands Inc, the maker of Twinkies snack cakes, is exploring a sale after fielding takeover interest from major snack food makers, people familiar with the matter said on Friday. Prior to the news of the company exploring a sale, its shares were down 1% year-to-date, versus a 29% rise in the Nasdaq Composite Index. General Mills Inc, Mondelez International Inc, PepsiCo Inc and Hershey Co are among the companies that have shown an interest in acquiring Hostess, the sources said.
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Well, that wasn't as exciting as some had hoped.
Options traders were betting on a move of around 11% following the company's earnings (after the release, through Friday). Nvidia shares barely budged yesterday and
( 22
min )
Shares of Rite Aid plunged by about 50% after The Wall Street Journal reported the drugstore chain is preparing to file for chapter 11 bankruptcy in the coming weeks.
The bankruptcy is to address the federal and state lawsuits the drugstore chain is facing over its alleged role in the sale of opioi
( 22
min )
The district, proposed by the New Albany Co., would be broken into five subareas containing a variety of different uses the developer believes will generate substantial economic benefits for Johnstown and the broader region.
( 12
min )
(Bloomberg) -- AMC Entertainment Holdings Inc. extended its week-long selloff after the movie theater operator converted a raft of preferred shares into common stock, and strategists say the company will likely sell more shares to pay down debt.Most Read from BloombergSpaceX Blast Left Officials in Disbelief Over Environmental DamagePowell Signals Fed Will Raise Rates If Needed, Keep Them HighTesla Investors to Get $12,000 Each From Musk’s SEC DealNYC’s Most Exciting New Fine Dining Restaurant I
( 32
min )
Better.com shares plunged at the opening bell and fell so quickly that trading was halted four times in its first 30 minutes of trade.
( 31
min )
Rite Aid is preparing to file for bankruptcy in coming weeks to address mass lawsuits over the drugstore chain’s alleged role in the sale of opioids, according to people familiar with the company’s plans.
( 29
min )
The Securities and Exchange Commission announced it charged 3M with violations of the Foreign Corrupt Practices Act relating to the company's China subsidiary.
( 27
min )
Strategists at BofA Global Research see second-half "trouble" for technology stocks even as the sector took in its largest inflow in 10 weeks, the firm said in a note on Friday. The tech-heavy Nasdaq Composite has gained 28% this year, fueled by megacap stocks and excitement over the business potential of artificial intelligence. BofA pointed to the correlation between a surge in central bank liquidity and the Nasdaq over the past 15 years.
( 31
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Private equity firm Veritas Capital is considering a takeover offer for Canadian software company BlackBerry, according to a person familiar with the matter. U.S-listed shares of BlackBerry rose about 17%. Details of the offer could not be learned.
( 31
min )
Countless news headlines have been calling for a housing crash for the better part of a year, yet prices are still climbing in many parts of the U.S. According to data from Redfin, the median sale price has increased by over 9.38% since January and has fallen only 3.4% from the peak in May 2022. Despite rising mortgage rates, buyers are finding little relief in home prices because of the massive shortage of supply. According to an analysis from Realtor.com, the gap between single-family home con
( 31
min )
Seaport analyst Richard Safran made the biblical reference in a Friday research report following news of another problem with the 737.
( 26
min )
Publicly listed U.S. homebuilders are raising prices on new construction, taking advantage of an acute shortage of previously owned homes in the market as owners defer upgrading due to high mortgage rates. Homebuilders are enjoying this turn of events after a gnarly second-half last year, when fears of rising interest rates slowing demand had forced them to cut prices and offer incentives to boost sales. The shortages have powered homebuilders' earnings, sending their stocks soaring, with the S&P Composite 1500 Homebuilding Sub Index up 41.90% so far this year.
( 31
min )
(Bloomberg) -- Blackstone Inc. is selling a piece of the Las Vegas hotel Bellagio, a move that will generate cash for investors in a $67 billion property fund for wealthy individuals.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotTesla Investors to Get $12,000 Each From Musk’s SEC DealMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe Charge
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min )
Small investors earned a nice payday of more than $1,000 if they tendered 99 shares of stock in the swap, which expired last week.
( 26
min )
It’s a $324 million loss for the company.
( 32
min )
General Motors, Ford Motor and Stellantis - made little progress in their talks for a new labor deal. Fain, who presides over the union that represents about 150,000 workers at the automakers, said 97% of voting members approved the strike authorization, which is seen as a leverage to enhance pay talks.
( 31
min )
All the statistics about the electric-vehicle maker and trading in the stock are amazing. Tesla is the only car company with a higher market capitalization.
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Nordstrom shares fell after the retailer reported a drop in sales amid a slowdown in discretionary spending, and said losses from theft reached a record high.
( 18
min )
Ken Parks becomes CFO at GE Vernova, the company's power-generation business. Vic Abate will lead its wind arm.
( 27
min )
Tesla isn't breaking apart, but things are happening which investors need to consider to avoid missing out on a valuation trend.
( 27
min )
Affirm stock was rising on Friday as shareholders welcomed its revenue growth. Analysts are split on how it can deal with economic headwinds.
( 27
min )
The Aussie dollar initially tried to rally during the trading week, but at this point in time it looks like we are struggling.
( 32
min )
(Bloomberg) -- Here are key takeaways from Federal Reserve Chair Jerome Powell’s remarks prepared for the Kansas City Fed’s economic symposium on Friday:Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotTesla Investors to Get $12,000 Each From Musk’s SEC DealMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesPowell acknowledged the econo
( 31
min )
While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been upward. However, JPMorgan’s global strategist, Dubravko Lakos, has recently sounded the alarm, pointing out several headwinds that are piling up, which he sees as placing a solid cap on market gains. First, Lakos points out that stock prices are high relative to earnings. Second, he adds that sentiment is too bullish, having reversed too sharply from last year’s bearish mo
( 35
min )
The pressure keeps building on Hawaiian Electric Industries (HE).
The utility’s stock tumbled nearly 18% in early trading Friday, as investors contended with a barrage of new developments late Thursday:
Maui County [sued the firm](https://www.wsj.com/
( 23
min )
(Bloomberg) -- Hawaiian Electric Industries Inc. slumped to the lowest since 1984 after the company said it will draw down on credit lines and suspend its dividend to preserve cash in the wake of deadly wildfires on Maui. Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops
( 31
min )
Analysts at TD Cowen cut their recommendation on the stock to Market Perform from Outperform.
( 26
min )
(Bloomberg) -- The drop in US stocks on Thursday despite a bumper report from Nvidia Corp. shows the rally this year is “exhausted” and portends more declines to come, according to Morgan Stanley’s Michael Wilson.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Returns to Musk’s X With Post of Georgia Mug ShotTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yi
( 31
min )
States vary widely in the way they tax retirement income so location is an important consideration in financially planning for retirement. Some states don't levy income states on any sort of retirement income, while others tax IRA and 401(k) distributions, … Continue reading → The post 11 States That Do Not Tax Retirement Income appeared first on SmartAsset Blog.
( 32
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If you're looking for ways to generate more retirement income, now may be the perfect time to consider an annuity. Payout rates for guaranteed lifetime annuities are currently at their highest levels in over a decade, according to Schwab. While … Continue reading → The post Why Schwab Says Now Is the Right Time to Consider an Annuity appeared first on SmartAsset Blog.
( 32
min )
Realty Income, which owns more than 13,000 properties in the U.S. and Europe, is paying $300 million for the 22% stake in the casino and resort, the report said. Realty Income is also investing in a $650 million preferred equity stake in the property, according to the WSJ report. A spokesperson for BREIT, Blackstone's real estate investing arm, and MGM did not immediately respond to a Reuters request for comment.
( 31
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“We’re building long-term value for shareholders,” finance chief Kevin Ryan said after Thursday's bloodbath. “This is just the beginning.”
( 32
min )
The merger between the airlines is being contested by the Justice Department, which is suing to block the $3.8 billion deal.
( 27
min )
Everyone loves seeing growth in their portfolio. However, a good year of investing doesn't necessarily indicate a sound long-term investment strategy. Generating sufficient retirement income means planning ahead of time but being able to adapt to evolving circumstances. As a … Continue reading → The post What Is a Realistic Rate of Return for Retirement? appeared first on SmartAsset Blog.
( 36
min )
The embattled utility provider ensnared in the fallout of the Maui wildfire tragedy has cut its dividend as it faces a major new lawsuit.
( 27
min )
British drugmaker AstraZeneca said on Friday it has filed a legal challenge to critical aspects of a program that gives the Medicare health insurance plan the power to negotiate lower drug prices. The drug price negotiation program is part of President Joe Biden's signature Inflation Reduction Act (IRA). The program faces several other court challenges, including from leading industry groups and other drug companies.
( 31
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(Bloomberg) -- As brutal as it’s been for US bond investors, the math is finally turning in their favor. Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationTrump Returns to Musk’s X With Post of Georgia Mug ShotMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapThe recent round of selling has left the Bloomberg USAgg Index’s yield-
( 31
min )
(Bloomberg) -- The UK’s biggest seller of Rolex watches lost nearly a third of its value on Friday after the Swiss brand bought Bucherer AG, taking its first major step into retailing.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayTrump Surrenders in Georgia on 2020 Election Probe ChargesNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapModi and Xi Speak at BRICS Summit, Ask Official
( 32
min )
The Medicare surcharge known as Irmaa can be a tough pill to swallow. But here’s a little-known workaround: Older Americans who have been hit by the added cost have a chance to appeal.
( 25
min )
Affirm's fiscal fourth-quarter revenue of $446 million beats analysts' estimates, Marvell Technology falls after the chip maker issues an in-line outlook for the third quarter, and Hawaiian Electric tumbles after suspending its dividend.
( 27
min )
There is little precedent for a chip maker as large as Nvidia to double its revenue—to $13.5 billion—in one year.
( 27
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(Bloomberg) -- China unveiled further mortgage easing policies to bolster its residential property market in an attempt to support economic growth.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi and Xi Speak at BRICS Summit, Ask Officials to Resolve Border Dispute QuicklyTh
( 30
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(Bloomberg) -- China’s securities regulator plans to convene a meeting with some of the world’s biggest asset managers, its latest attempt to shore up confidence after a record stretch of outflows by foreign funds.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi and Xi Speak
( 31
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(Bloomberg) -- European stocks and US futures struggled for direction as a cautious tone dominated markets before a speech from Federal Reserve Chairman Jerome Powell that will be studied for clues on the interest-rate outlook.Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on August 24 Than Any Other DayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapTrump Surrenders in Georgia on 2020 Election Probe ChargesModi
( 34
min )
Calstrs, the second-largest U.S. pension, bought Rivian, Nikola, and Lucid Group shares, and sold Workhorse stock in the second quarter.
( 26
min )
Asian stocks sold off and the dollar scaled an 11-week peak against major peers on Friday as investors braced for the risk of a hawkish tilt from Federal Reserve Chair Jerome Powell at Jackson Hole. The tech-centric Nasdaq slumped 1.87% on Thursday to lead losses of more than 1% across Wall Street's three major indexes, and futures indicated some further weakness at the reopen.
( 33
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The unemployment rate is a low 3.5%. The U.S. economy has avoided a threatened banking crisis and financial markets have not only aligned with the Federal Reserve's tight-credit policies but of late even helped the process by bidding up market interest rates. When Federal Reserve Chair Jerome Powell delivers a keynote speech at a central bank research symposium hosted by the Kansas City Fed here on Friday, that copacetic backdrop may inspire a message shaped mostly to avoid trouble.
( 32
min )
Nvidia's move to buy back $25 billion of its shares after its stock has more than tripled this year caught some investors off-guard, even as they cheered a stellar second-quarter report. Shares of Nvidia touched a record high on Thursday, a day after the company blew past expectations with its quarterly revenue forecast as an artificial-intelligence boom fueled demand for its chips. Nvidia shares, which had run up in the days leading up to its report, climbed more than 6% on Thursday but pared gains to end the day little changed.
( 33
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Every one APE unit a trader has will convert to 1/10 of one share of AMC on Friday.
( 26
min )
VinFast, the Vietnamese electric-vehicle maker, and Arm, a British chip designer, are caught in a weird limbo thanks to their decisions on where to list their shares.
( 26
min )
Bitcoin dropped to around the US$26,000 level Friday morning in Asia, giving up much of the previous day’s gains. Ether also moved lower.
( 32
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(Bloomberg) -- The Federal Reserve Bank of Kansas City’s annual gathering in Jackson Hole, Wyoming gets underway with a dinner on Thursday evening. Here’s what to expect from the two-day conference featuring central bankers from around the world:Most Read from BloombergNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayWagner Chief Prigozhin Listed Aboard Crashe
( 31
min )
An industry group is a classification method for companies based on common lines of business.
( 19
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Altcoins can present themselves as modified or improved versions of Bitcoin. Given Bitcoin's volatility, you may want to watch these 10 alternatives.
( 30
min )
Today's best CD rates are 5.85% on a jumbo from One America Bank, and 5.75% for smaller deposits from Abound Credit Union, MapleMark Bank, and BluPeak Credit Union.
( 19
min )
Basecoin, also known as Basis, was a cryptocurrency whose protocol was designed to keep its price stable.
( 20
min )
The S&P 500 closed 0.7% higher on Friday, Aug. 25, 2023, as stocks rebounded after comments from Fed Chair Powell that left the door open for more interest rate hikes.
( 16
min )
The Group of Five (G5) historically referred to a group of emerging economies that includes Brazil, China, India, Mexico, and South Africa.
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min )
Christine Lagarde is a French lawyer and the president of the European Central Bank.
( 23
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German based Mercedes-Benz Group AG is a luxury vehicle company with global production and sales facilities worldwide.
( 20
min )
For every dollar that U.S. companies make in profits, greenhouse gas emissions cause 18.5 cents worth of damage, according to an analysis.
( 18
min )
A high discount rate causes loans to be more expensive and encourages people to save more money. This could be considered contractionary monetary policy.
( 17
min )
Shares of buy now, pay later provider Affirm surged after it gave a higher-than-expected forecast as revenue rose and delinquencies declined.
( 17
min )
Workers at the automotive Big Three have voted to authorize a strike when contracts expire on Sept. 14, bringing the nation one step closer to a major labor stoppage costing billions as workers fight for increased pay, retirement pensions, and better benefits.
( 17
min )
An index of economic freedom ranks jurisdictions based on the degree of economic freedom their residents enjoy.
( 22
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A credit facility is a type of loan made in a business or corporate finance context, such as revolving credit, term loans, and committed facilities.
( 28
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Year-over-year pending sales dropping 15.7%, the smallest annual decline since last summer
( 18
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Credit card issuers and other lenders often offer these plans to pay your bill if you lost your job, become disabled, or die. Here is how they work—and some alternatives.
( 22
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U.S. bank Wells Fargo has agreed to pay $35 million to the SEC to settle a long-running allegation of overcharging advisory fees.
( 17
min )
A business guarantee is a credit card agreement making any charges the sole responsibility of the business rather than individual business owners or employees.
( 23
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A floor limit—also known as a "credit floor"—is the maximum charge that a person can make on a credit card without the merchant obtaining authorization from the card issuer.
( 23
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Corporate credit cards are credit cards issued to employees of established companies for use in charging authorized business expenses.
( 23
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The Jackson Hole Economic Symposium, sponsored annually by the Federal Reserve Bank of Kansas City, has been held in Jackson Hole, Wyo., since 1981.
( 21
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U.S. equity markets wavered between gains and losses midday on Friday, Aug. 25, 2023, after Fed Chair Jerome Powell signaled that inflation remains too high and that the Fed could raise interest rates further to slow price growth.
( 17
min )
Thursday's proposed deal comes just one day after a chemical solvent leak at Lordstown, Ohio-based Ultium Cells. If ratified by the UAW, the deal would raise wages an average of 25%, though not to the same level as UAW workers who assemble engines and cars.
( 17
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Discover some of the mutual funds investors use to profit from gains in the automotive industry portion of the transportation sector.
( 20
min )
A signature loan is a personal loan offered by banks and other finance companies that relies only on the borrower’s signature and promise to pay as collateral.
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If you were looking to Federal Reserve Chair Jerome Powell for clues about whether the Fed will raise rates again at future meetings, his most recent speech probably left you in the dark.
( 18
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A cash advance is a service provided by credit card issuers that allows cardholders to immediately withdraw a sum of cash, often at a high interest rate.
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Payday loans are designed to be quick and easy and generally have limited qualification requirements.
( 25
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Before you sign up for a high interest car title loan, investigate these eight alternative cash-raising strategies.
( 26
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Nordstrom shares dropped after the retailer reported a drop in sales amid a slowdown in discretionary spending, and said losses from theft reached a record high.
( 17
min )
Collateralization is the use of a valuable asset to secure a loan against default. The collateral can be seized by the lender to offset any loss.
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If you are seeking a personal loan, be aware of these eight potential pitfalls before you proceed.
( 21
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Generally, personal loans cannot be transferred to another person, but mortgages and car loans can be exceptions to the rule.
( 22
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Both title loans and payday loans carry risks that outweigh the benefits, but a title loan uses your car as collateral, while a payday loan does not.
( 24
min )
Alibaba ADRs ticked higher after the Chinese tech giant launched open-source AI models with visual localization capabilities that it says can answer more complex queries.
( 17
min )
A look at some of Apple's top suppliers gives an understanding of how this growing company functions. By looking at the Apple supply-chain model, along with the benefits and challenges for each component, you can gain an understanding of large-scale, multinational production streams.
( 24
min )
Meta Platforms is taking another step forward in its development of artificial information tools with its release of a free chatbot designed to assist with writing computer code.
( 17
min )
Investors will be watching for signals of more interest rate hikes in comments from Federal Reserve Chair Jerome Powell and shares of chipmaker Marvell Technology fell amid concerns about its data center storage business. Here’s what investors need to know today.
( 18
min )
An emerging market fund invests the majority of its assets in securities from countries with economies that are considered to be emerging.
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Middle-income countries (MICs) is a part of the income categories that the World Bank uses to classify countries' economies for operational and analytical purposes.
( 20
min )
The Thrift Institutions Advisory Council advised the Federal Reserve Board of Governors on the various needs and conditions of nonbank savings institutions.
( 20
min )
Three credit rating agencies have a long history in the U.S. Learn about what they do and how they developed.
( 24
min )
De Duitse autoriteiten zijn bang dat de installatie van een nieuwe grote drijvende terminal voor vloeibaar aardgas (lng) vertraging gaat oplopen. Door verzet van lokale overheden kan de terminal mogelijk niet deze winter in gebruik worden genomen.
( 3
min )
Een prominent lid van de Europese Centrale Bank hintte vrijdag op een nieuwe renteverhoging. NU.nl-lezers vroegen zich af: waarom gaat de rente omhoog terwijl we kampen met hoge inflatie?
( 2
min )
Big Bazar vertrekt uit Goes met betaalachterstanden aan de verhuurder van de locatie. De advocaat van het noodlijdende koopjesbedrijf zegt dat het een slechte locatie was en dat er al langer plannen waren om die winkel te sluiten.
( 4
min )
Schiphol wil structureel meer geld uitgeven aan de kwaliteit van dienstverlening op de luchthaven. Dat geld gaat onder meer naar personeel, maar ook naar onderhoud en vernieuwing. Al deze kosten kunnen gevolgen hebben voor de prijzen van vliegtickets.
( 4
min )
Big Bazar krijgt van de rechter in Leeuwarden tijd om afspraken te maken met schuldeisers en om te reorganiseren. Daarvoor is een afkoelingsperiode afgekondigd. Verhuurders en leveranciers die het faillissement van de keten hebben aangevraagd, moeten daardoor geduld hebben.
( 4
min )
Internetplatform OnlyFans telde eind vorig jaar ruim 3,2 miljoen contentmakers. Dat is bijna een verdubbeling ten opzichte van 2021. Ook het aantal zogenoemde fans groeide hard. Bijna een kwart miljard mensen bekijkt de content van bijvoorbeeld sekswerkers, beroemdheden en artiesten.
( 3
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan voor een verzekering niet altijd meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad. Alleen bakfietsen die te volgen zijn met een tracker worden nog verzekerd.
( 4
min )
Threads heeft vrijdag een webversie uitgebracht. Daarmee kan het nieuwe socialemediaplatform van Facebook-moederbedrijf Meta via een internetbrowser gebruikt worden. De berichtendienst is een nieuwe concurrent voor X (Twitter).
( 3
min )
Bierbrouwer Heineken heeft de verkoop van al zijn activiteiten in Rusland afgerond. Het Russische Arnest Group neemt alle aandelen over voor het bedrag van 1 euro. Onder de deal vallen onder meer zeven brouwerijen en 1800 medewerkers. Heineken verwacht dat het verlies als gevolg van de overname 300 miljoen euro zal bedragen.
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Schiphol heeft in de eerste helft van dit jaar beduidend meer reizigers verwerkt dan in dezelfde periode vorig jaar. Daarbij bleef een chaos, zoals in 2022, achterwege. De luchthavenbeheerder spreekt daarom van een keerpunt.
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min )
De Europese Centrale Bank verhoogt haar rente na de zomer mogelijk nog verder, in de strijd tegen de aanhoudende inflatie in Europa.
( 3
min )
Het raket- en satellietbedrijf SpaceX, dat eigendom is van miljardair Elon Musk, is aangeklaagd door het Amerikaanse ministerie van Justitie. SpaceX wordt verdacht van discriminatie van asielzoekers en vluchtelingen bij sollicitaties. Zo zouden zij onder meer stelselmatig zijn ontmoedigd om te solliciteren.
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min )
American Savings Bank, which Hawaiian Electric Industries bought in 1988, might be the holding company’s most valuable asset.
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min )
He bills himself as an iconoclast ready to shake up the Republican Party after making millions trying to do the same in the biotech industry.
( 33
min )
(Bloomberg) -- A group of Tesla Inc. investors stands to recover an average of about $12,000 a head for losses they incurred from Elon Musk’s famous 2018 tweet that he had “funding secured” to take the car maker private at $420 a share — and then didn’t.Most Read from BloombergNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayNYC’s Most Exciting New Fine Dining Restaurant Is in a Subway StationMore People Call in Sick on Au
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The three best jumbo CD rates in the country right now are 5.85% from One American Bank, 5.76% from Connexus Credit Union, and 5.75% from Sun East Federal Credit Union.
( 19
min )
Michery added that he suspects “unlawful trading practices” in the electric vehicle manufacturer’s stock are one reason to blame.
( 14
min )
Investors have been bearish about the buy now,pay later company because its business model hasn't been tested in an environment like the current one.
( 26
min )
The idea of creating a BRICS common currency to rival the dollar has long been on the agenda of the emerging-market nations in the bloc.
( 33
min )
Management said it expects sequential growth in revenue to speed up in the third quarter, but the stock fell in after-hours trading.
( 26
min )
American consumers noticing an increasingly German flavor, sometimes literally, in their grocery shopping, are not imagining things. Discount grocer Aldi's recent announcement that it will acquire 400 Winn-Dixie and Harveys Supermarkets in the Southeast will instantly increase its growing market share, adding to German investors' influence on U.S. grocery shopping choices. The move will expand Aldi's presence in Florida, Alabama, Georgia, Louisiana and Mississippi, with the grocer expected to en
( 31
min )
(Bloomberg) -- As the US Treasury borrows heavily in the bills market, the Federal Reserve may find it has to pause its efforts to shrink its balance sheet to ensure the banking system remains stable, according to the St. Louis Fed. Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayNasdaq 100 Drops 2% as Yields Rise Before Powell: Markets WrapMore People Call in Sick on August 24 Than Any Other DayHuawei Building Secret Network for Chips, Trade Group WarnsBRICS
( 31
min )
ETH fell to as low as $1,547 last Thursday, its lowest price since June.
( 31
min )
A Wall Street Journal analysis of Federal Reserve data reveals a concerning financial situation for people ages 30 to 39, which constitute the majority of the millennial generation. The demographic accumulated nearly $4 trillion in debt during the fourth quarter of 2022, reflecting a substantial $140 billion rise from the preceding quarter. The surge represents a 27% increase since late 2019, constituting the most significant upswing in debt accumulation since the 2008 financial crisis. Contrary
( 32
min )
"Nvidia's valuation is ridiculous," says analyst David Trainer. "People should not be chasing this stock before it drops by around 80% to below $100."
( 33
min )
A mortgage company started trading publicly today. Investors weren't enthused.
Shares of Better Home & Finance fell more than 90% in Thursday trading. The company had agreed to go public in 2021 via a merger with a special-purpose acquisition company, but the closing date of the transaction hit a l
( 23
min )
The glory days of real estate investors buying and flipping homes for quick profits seem to have hit a roadblock. It appears that investors are now losing on approximately one out of every seven homes they sell. In certain U.S. cities, sky-high house prices and elevated mortgage rates have diminished homebuyer demand, forcing investors to sell homes at a loss. A recent report by Redfin reveals that in March, investors lost money on roughly 13.5% of the homes they sold, while only 4.8% of overall
( 33
min )
With a net worth of $153 billion, Amazon.com Inc. Founder Jeff Bezos can probably afford to buy any house he wants. But right now, he's renting. Bezos and his fiancée Lauren Sanchez are reportedly renting a home in Malibu, California, from legendary jazz saxophonist Kenny G for $600,000 per month. The 5,500-square-foot house comes with a huge backyard, pool, screening room and recording studio. It also has a 3,500-square-foot guesthouse. The estate gives the couple access to Little Dume Beach, o
( 33
min )
Retail sales suffered the fastest plunge this month since March 2021, when the nation was still in lockdown, according to the Confederation of British Industry.
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min )
Generation Z has taken over the retirement savings game, leaving their predecessors in the dust. They have come to dominate the arena of financial planning and investing for the future. According to a report by Vanguard, workers ages 18 to 24 were 32% more likely to invest in their workplace retirement plan than their older colleagues were at the same age. This is impressive considering younger generations typically have lower participation rates because of a lack of knowledge and lower income.
( 31
min )
The three mid-ranking Silicon Valley engineers behind Nvidia had just $40,000 (£31,500) between them when they started the company three decades ago, fuelled by a belief that 3D graphics would change the rapidly growing video game industry.
( 33
min )
Spirit AeroSystems discovers issues with fuselage supplied to Boeing
( 9
min )
Nvidia produced incredible quarterly numbers. Ironically, that is probably responsible for the drop in the Nasdaq Composite on Thursday.
( 26
min )
More than four months after Bud Light's marketing blunder, the beer brand remains in the spotlight. Now Billy Busch, heir to the Anheuser-Busch dynasty, presents an intriguing proposition to Bud Light's parent company, Anheuser-Busch InBev SA (NYSE:BUD). "I urge that company, InBev, if they don't want that brand any longer, sell it back to the Busch family. Sell it to me. I'll be the first in line to buy that brand back from you. And we'll make that brand great again," he said during Tomi Lahren
( 33
min )
When love is in the air, the conversation about finances might not be a romantic one, but recent surveys suggest that it is a necessary and crucial dialogue for couples. A surprising 64% of people in relationships face money differences, underlining the need to address financial topics early on before they become major problems. This becomes even more important as relationships get more serious, like moving in together or getting married. Financial Deal-Breakers: Personal Loans And More Personal
( 32
min )
(Bloomberg) -- Nasdaq 100 futures bounced, setting up the technology-heavy index to trim monthly declines, after a blowout forecast from Nvidia Corp. revived the buzz around artificial intelligence.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadNvidia Nears Record Hig
( 32
min )
There’s been a lot of doomsaying about the economy in recent months, with predictions of a coming recession. The markets have also been a bit shaky in August, with the S&P 500 falling about 3%. But in a note from JPMorgan, global investment strategist Madison Faller keeps a generally favorable outlook and assuages investors that market swings are par for the course. “In any given year, there are good things and bad things that impact the economy and markets,” Faller said. “And while we tend to s
( 35
min )
Federal Reserve Bank of Philadelphia President Patrick Harker said Thursday he doubts the U.S. central bank will need to raise interest rates again, in an interview with CNBC. "Right now I think that we've probably done enough" and with monetary policy in a restrictive stance, it's probably a good idea to hold steady for the rest of this year and see how that affects the economy, Harker said. Harker spoke to the television channel on the sidelines of the Kansas City Fed’s annual research conference in Jackson Hole, Wyoming.
( 30
min )
Wireless services company plans to cut about 7% of its workforce as it fends off competition from cable companies.
( 25
min )
(Bloomberg) -- VinFast Auto Ltd.’s head-scratching surge has given the money-losing electric car startup a bigger market capitalization than Citigroup Inc., with famed short seller Jim Chanos calling the stock’s valuation “insane.”Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsNvidia Nears Record High as AI Demand Fuels Blowout ForecastWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysBRICS
( 33
min )
Mortgage demand isn’t what it used to be: Both home purchase and refinance application volume have dropped below their booming levels in 2020 and 2021.
( 27
min )
The discount retailer reported a decline in its gross margin year over year, partly due to inventory loss.
( 27
min )
The euro has been relatively quiet during early trading on Thursday, as we wait for speeches coming out of Jackson Hole on Friday.
( 32
min )
AMC completed a reverse stock split Thursday, ahead of a planned conversion of preferred equity units into common shares.
The reverse split gave shareholders in the movie-theater chain one share for every 10 they previously held, and has the effect of increasing AMC's share price.
The conversion o
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min )
The looming APE equity unit conversion causes major volatility in AMC stock. The good news is the shares were upgraded by Wedbush.
( 26
min )
When you retire or reach a certain age, there might be certain things you no longer have to do. You might get to skip the commute or qualify for some great discounts. But no matter your age, you don't get … Continue reading → The post Do Seniors Ever Stop Filing Taxes? appeared first on SmartAsset Blog.
( 33
min )
Splunk stock’s performance this year has been only a fraction of the surge in Nvidia's shares, but impressive second-quarter earnings and guidance look set kick off a surge.
( 26
min )
Shares in Spirit AeroSystems take a bigger hit despite the Boeing supplier saying the 737 issue will not make a material impact to its delivery range.
( 26
min )
Sandwich chain Subway has agreed to sell itself to private equity firm Roark Capital, the company said on Thursday, amid its struggles with intensifying competition and rising costs.
( 29
min )
AI chipmaker Nvidia posted revenues of $13.51 billion in the second quarter. That's 88% higher than the previous quarter and up 101% from a year ago.
( 32
min )
The blowout results and forecast indicate that demand for the company under CEO Jensen Huang isn’t short-lived, but high prices will spur competition.
( 27
min )
In 2017, the Trump administration spearheaded a comprehensive series of tax cuts. Called the Tax Cuts and Jobs Act (TCJA), the law reduced corporate taxes by about 40% and household taxes by varying degrees for most individuals. While the corporate tax cut is permanent, most of the individual tax reductions will end in 2025 or […] The post What High Earners Need to Know for Trump-Era Tax Expirations appeared first on SmartReads by SmartAsset.
( 34
min )
This could put pressure on the top end of Boeing's annual 737 delivery target of 450 planes, some Wall Street analysts warned even as the planemaker said it was evaluating that goal. It is for the second year that Boeing's delivery targets are under review, after supply-chain issues forced it to temper its goal last year. The latest quality issue is due to improperly shaped holes in the aft pressure bulkhead of some planes.
( 31
min )
Nvidia stock surges after the chip maker forecasts third-quarter revenue of $16 billion at the midpoint of its range, well above analysts' forecasts. Snowflake, meanwhile, reports better-than-expected second-quarter earnings and revenue, and Splunk's quarterly revenue jumps 14% and tops estimates.
( 27
min )
The UK’s largest oil producer has blamed the Government’s windfall tax after it swung from a near $1bn profit to an $8m (£6.3m) loss during the first half of the year.
( 32
min )
(Bloomberg) -- The last research firm with the equivalent of a “sell” rating on Nvidia Corp. is throwing in the towel.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMorningstar Inc. upgraded the chipmaker
( 31
min )
(Bloomberg) -- ConocoPhillips has been put on divestment watch by some of Europe’s biggest pension funds, after using proceeds from a recent debt financing to expand its business in oil sands.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysWagner Chief Yevgeny Prigozhin, Mercenary Who Defied Putin, Is Presumed DeadQQQ Up in Late Hours on Nvidi
( 33
min )
More than 20 brokerages raised their target price for Nvidia post the earnings update, according to Refinitiv data, with Elazar Advisors being the most bullish at $1,600. Along with Rosenblatt Securities at $1,100 - they are the only ones to have targets above $1,000 for Nvidia. Nvidia has been the biggest beneficiary of the rise of ChatGPT and other generative AI apps, virtually all of which are powered by its graphics processors.
( 32
min )
Norwegian Air Shuttle reported a drop in second-quarter net profit to NOK538 million, but said demand was strong and that it has begun examining the potential for a dividend.
( 25
min )
The stock market is pricing in an unrealistic "no landing" scenario where the Fed crushes inflation without triggering a recession, Amanda Agati says.
( 31
min )
(Bloomberg) -- The prospect of global interest rates remaining higher for longer is tipping the case for many investors to switch into bonds from stocks.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekFixed
( 33
min )
(Bloomberg) -- Nvidia Corp. acknowledged that the US may impose stronger restrictions on the sale of chips to China and warned that such a move will hurt American companies in the long term, reiterating a broadly held view among top chipmakers.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsWagner Chief Prigozhin Was in Deadly Jet Crash, Russia SaysQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Ma
( 32
min )
Old school investors will tell you that ‘buying low and selling high’ is the key to market success. The advice may be cliché, but it’s based on mathematical truth. The hard part, however, is understanding when prices are low, because that’s not always an absolute number. In recognizing that lower price range, investors can turn to Wall Street’s analysts for help. These professional stock watchers build their reputations on the quality of their calls, sorting through reams of data to find and rec
( 34
min )
Occupancy fraud is a type of mortgage fraud, whereby the borrower lies about whether or not the home will be owner occupied.
( 22
min )
Indexed universal life insurance offers tax benefits and potentially higher returns, but it has a number of risks that need to be considered.
( 28
min )
The three best jumbo CD rates in the country right now are 5.85% from One American Bank, 5.76% from Connexus Credit Union, and 5.75% from Sun East Federal Credit Union.
( 19
min )
Life insurance can increase your coverage over time. Here's how this works with different types of policies.
( 21
min )
A zero-coupon inflation swap is a derivative where a fixed-rate payment on a notional amount is exchanged for a payment at the rate of inflation.
( 21
min )
Reverse mortgage counseling is required for home equity conversion mortgages. Learn how to find a trustworthy reverse mortgage counselor to work with.
( 24
min )
The S&P 500 dropped 1.4% on Thursday, Aug. 24, 2023 as the recent rally in tech stocks came to a halt ahead of Friday's speech by Fed Chair Jerome Powell.
( 17
min )
Today's best CD rates are 5.85% on a jumbo option from One America Bank, and 5.75% for smaller deposits, offered by both Abound Credit Union and MapleMark Bank.
( 19
min )
Twenty-five years of expansionary policy, both fiscal and monetary, has not yielded the desired results for the Japanese economy.
( 21
min )
Home equity loans generally have higher interest rates but lower closing costs and fees than mortgages, so it pays to shop around.
( 22
min )
The employer payroll tax deferral lets you defer the employer portion of 2020 and 2021 Social Security taxes and split payment between 2021 and 2022.
( 21
min )
Lower interest rates increase business investment by making it cheaper to borrow money for new projects.
( 20
min )
Demand-side economics emphasizes the importance of aggregate demand and supports government intervention.
( 22
min )
Federal Reserve officials gave differing assessments Thursday at the Jackson Hole Economic Symposium about whether the central bank should raise its benchmark interest rate.
( 17
min )
Learn about the performance of the mutual funds offered by Capital Group's American Funds that have the longest established track records.
( 19
min )
An internal growth rate (IGR) is the highest level of growth achievable for a business without obtaining outside financing.
( 20
min )
There are three general types of blockchains—public, private, and permissioned. Learn the key differences and how they are typically used.
( 22
min )
The proof of burn (POB) consensus algorithm combines the proof of work (POW) and proof of stake (POS) and partially overcomes their shortcomings.
( 20
min )
Created by Congress, the Investment Company Act of 1940 regulates the organization of investment companies and the product offerings they issue.
( 24
min )
Hyperledger Fabric is a platform for building various blockchain-based products, solutions, and applications for business use.
( 21
min )
Cryptocurrency spoofing is the process by which criminals attempt to artificially influence the price of a digital currency by creating fake orders.
( 20
min )
U.S. equity markets fell in midday trading on Thursday, Aug. 24, 2023, as tech gains following Nvidia's earnings beat faded ahead of Fed Chair Jerome Powell's coming speech at the Jackson Hole Economic Symposium.
( 16
min )
Basketball legend Michael Jordan is the richest NBA player of all time after selling his stake in the Charlotte Hornets. One of the best basketball players in NBA history, Jordan has a net worth of $3.5 billion as of 2023, thanks to lucrative endorsements such as Nike and the Jordan Brand, and other business ventures.
( 21
min )
Sovereign debt is issued by a country's government in order to borrow money.
( 22
min )
The average rate offered for a 30-year fixed mortgage surged this week to 7.23% from 7.09% the week before, reaching the highest point since 2001, Freddie Mac said Thursday.
( 17
min )
BRICS is an acronym for the combined economies of Brazil, Russia, India, China, and South Africa, which some claimed early in this century were poised to dominate the world economy by 2050.
( 23
min )
Dollar Tree posted stronger-than-expected earnings for the quarter ended July 29, as the discount retailer benefited from higher sales at its flagship stores but was pressured by weaker margins.
( 19
min )
A purchase money security interest (PMSI) is a legal first claim to repossess property financed with its loan when a borrower defaults.
( 23
min )
A low federal funds rate implies expansionary monetary policy by a government, stimulating demand and employment.
( 23
min )
Home equity conversion mortgages are the most common reverse mortgages, but proprietary and single-purpose reverse mortgages offer other benefits.
( 21
min )
Boeing and Spirit AeroSystems shares dropped as a 737 MAX quality problem delays deliveries and Boeing warned it could miss this year's delivery target.
( 17
min )
Learn about the dynamics of the federal budget including how it is passed and the major categories representing revenue and expenditures.
( 19
min )
The acquisition is just the latest move in AMD's ongoing artificial intelligence push that includes the unveiling of a new GPU earlier this summer.
( 17
min )
The enlarged BRICS coalition will control almost half the global crude oil market and will have the strength to trade within the bloc in non-dollar currencies.
( 17
min )
A company's book value is its total assets minus its total liabilities. It can be determined by looking at the Shareholders's Equity section of the Balance Sheet.
( 22
min )
An Associate in Loss Control Management (ALCM) was a professional designation offered by the Insurance Institute of America (IIA).
( 19
min )
While 1.3 million residential properties in the US are vacant, zombie foreclosures still accounted for just a fraction of the nation's 101.6 million residential property stock.
( 17
min )
Dig deeper into the three components of stagflation: inflation, unemployment, and declining output, as understood by economic theory.
( 19
min )
CEO Huang cited "a new computing era" and increased corporate interest in generative A.I. to explain the surge in demand for GPU chips and data center resources.
( 17
min )
Achieving equilibrium of prices in a single or multi-market setting involves a bidding process that is informed precisely by demand.
( 20
min )
Learn about the macroeconomic factors policymakers have to be concerned with when deciding on economic policies, such as taxation and interest rates.
( 21
min )
Take a deeper look at the nature of supply shocks, an economic phenomenon that dramatically changes the equilibrium level of production.
( 23
min )
Het raket- en satellietbedrijf SpaceX, dat eigendom is van miljardair Elon Musk, is aangeklaagd door het Amerikaanse ministerie van Justitie. SpaceX wordt verdacht van discriminatie van asielzoekers en vluchtelingen bij sollicitaties. Zo zouden zij onder meer stelselmatig zijn ontmoedigd om te solliciteren.
( 3
min )
Veel werklozen zitten nu maar kort zonder werk. Tien jaar geleden zaten meer mensen langdurig thuis. In april, mei en juni zat een op de zeven werklozen twaalf maanden of langer zonder werk, blijkt uit cijfers van statistiekbureau CBS.
( 3
min )
Subway, de broodjesketen met wereldwijd ruim 37.000 vestigingen, wordt door de families van de oprichters verkocht. De koper is investeringsmaatschappij Roark Capital, de eigenaar van onder meer Dunkin' Donuts.
( 3
min )
Subway, de broodjesketen met wereldwijd ruim 37.000 vestigingen, wordt door de families van de oprichters verkocht. De koper is investeringsmaatschappij Roark Capital, de eigenaar van onder meer Dunkin' Donuts.
( 3
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.
( 4
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.
( 4
min )
De Turkse centrale bank heeft het rentetarief in het land flink opgeschroefd, tot 25 procent. De enorme rentestap kwam als een verrassing. Economen hadden gerekend op een veel kleinere verhoging.
( 3
min )
Wie een elektrische bakfiets van het merk Urban Arrow wil verzekeren, kan binnenkort niet meer bij de ANWB terecht. De fietsen zijn volgens een woordvoerder van de verzekeraar "erg gewild" bij dieven, vooral in de Randstad.
( 3
min )
Royal Delft Group heeft zijn inkomsten in de eerste helft van dit jaar flink zien stijgen. Dat kwam vooral doordat toeristen weer naar ons land kwamen en veel Delfts blauw en andere producten van het bedrijf kochten.
( 3
min )
Boeing heeft last van verkeerd geboorde gaten in nog te leveren 737 MAX-toestellen. Volgens de Amerikaanse vliegtuigbouwer heeft leverancier Spirit AeroSystems onjuist gaten geboord in een onderdeel dat de luchtdruk in de cabine regelt.
( 3
min )
Er duiken steeds meer nieuwssites op die kunstmatige intelligentie (AI) gebruiken om razendsnel artikelen van gerenommeerde media te hergebruiken. De nieuwssites controleren de herschreven teksten nauwelijks. Daarmee ligt de verspreiding van nepnieuws en desinformatie op de loer.
( 4
min )
Het landencollectief BRICS (Brazilië, Rusland, India, China en Zuid-Afrika) wil de samenwerking uitbreiden. Argentinië, Egypte, Ethiopië, Iran, Saoedi-Arabië en de Verenigde Arabische Emiraten mogen in 2024 ook lid worden.
( 4
min )
De handelsprijs voor gas is de laatste dagen met bijna 30 procent gezakt. Dit komt doordat stakingen bij belangrijke productielocaties voor vloeibaar aardgas in Australië waarschijnlijk zijn afgewend.
( 3
min )
Door extreem weer kunnen de premies van verzekeringen bij Achmea de komende tijd oplopen. Onder meer Centraal Beheer, FBTO, Interpolis en Zilveren Kruis vallen onder het bedrijf.
( 3
min )
Drie kwart van de bedrijven heeft momenteel last van een tekort aan personeel. Dat is iets minder dan de 84 procent van een jaar geleden. De krappe arbeidsmarkt leidt er bij veel bedrijven toe dat de werkdruk toeneemt.
( 3
min )
Nederlandse huishoudens en bedrijven verbruikten in de eerste helft van dit jaar 15,7 miljard kuub gas. Dat is een derde minder dan in dezelfde periode twee jaar eerder. Ook in vergelijking met vorig jaar is sprake van een flinke daling: een min van 10 procent.
( 3
min )
The Commercial Paper Funding Program (CPFF) was designed to increase the liquidity of the commercial paper market by providing funding to issuers.
( 20
min )
The Macroeconomic Stabilization Fund (FEM) was established by Venezuela to stabilize cash flow from oil production.
( 20
min )
You now have a whopping 30 choices to lock in a CD rate of at least 5.50%, including a top nationwide rate of 5.75%. That's double the number available at the start of August.
( 18
min )
Find out why marginalism is such an important concept in microeconomic theory, and what economists mean by marginal utility or cost.
( 21
min )
Today's best CD rates are 5.85% on a jumbo option from One America Bank, and 5.75% for smaller deposits, offered by both Abound Credit Union and MapleMark Bank.
( 19
min )
The S&P 500 gained 1.1% on Wednesday, Aug. 23, 2023, as tech stocks surged and Treasury yields dipped.
( 16
min )
A block header is the unique identity of a particular block on a blockchain and is hashed by miners for rewards.
( 18
min )
The Maldivian rufiyaa (MVR) is the national currency of the Republic of the Maldives.
( 19
min )
Remote work is here to stay, whether employers like it or not—and, for the most part, they don’t.
( 18
min )
r/CryptoCurrency Moons (MOON) is a digital currency that the r/Cryptocurrency Reddit forums use to reward users.
( 21
min )
Only 11% of respondents said they are living their definition of financial freedom.
( 17
min )
A small corporate offering registration (SCOR) is a simplified means for smaller companies to raise capital by issuing shares.
( 20
min )
Learn how the Consumer Price Index (CPI) and Producer Price Index (PPI) differ in the composition of their target sets of goods and services.
( 20
min )
Homebuilders are selling more, and cheaper new houses these days, the opposite of the trend in the market for existing homes where sales are slow and prices hitting record highs.
( 18
min )
Bancor blockchain protocol allows users direct zero/low fee conversion between different crypto coins.
( 22
min )
Half of retired and pre-retired Americans are considering going back to work or delaying retirement, according to a recent survey, and the reasons aren't limited to finances.
( 18
min )
If you don’t have the cash, should you use the equity you have in your home to modify it so that you can stay in it longer?
( 22
min )
Agency theory and stakeholder theory are both used to understand and explain various types of relationships and challenges that can occur in business.
( 20
min )
Find out what influences competition in microeconomics and how perfect competition, monopoly, and oligopoly vary in their competitive characteristics.
( 21
min )
Singapore-based e-commerce and ride-hailing company Grab narrowed its losses and forecast a smaller loss for the year, as cost-cutting measures paid off.
( 19
min )
Business crime insurance gives companies protection from damage from corporate crimes like fraud, embezzlement, theft, and others.
( 19
min )
A co-tenancy clause in retail lease contracts allows tenants to reduce their rent if key tenants or a certain number of tenants leave the retail space.
( 21
min )
It's important to understand where that money coming out of your paycheck goes and why. After all, you earned it.
( 24
min )
The most recent rounds of tax reform have expanded the benefits of 529 college savings plans.
( 25
min )
Learn how marginal utility influences consumer choice under the law of diminishing marginal utility and consumer decisions made on margins.
( 22
min )
Peloton shares tumbled after reporting a wider-than-expected loss as falling subscriber numbers and recall costs impacted its results.
( 17
min )
A call option is a contract that gives the option buyer the right to buy an underlying asset at a specified price within a specific time period.
( 30
min )
Mortgage rates rose again, hitting new records not only for 30-year new purchase loans, but also for 15-year loans, 30-year jumbo loans, and 30-year refi mortgages.
( 20
min )
You can't roll a traditional IRA into a 529 plan without paying taxes, but there are better options to help cover higher-education expenses.
( 24
min )
Older investors tend to be more open to AI than younger investors when it comes to financial advice. A much smaller percentage of investors would implement this advice without running it by a human advisor.
( 17
min )
All mortgage applications decreased by 4.2% from a week ago.
( 17
min )
A target hash sets the difficulty for cryptocurrency mining using a proof-of-work (PoW) blockchain system.
( 19
min )
The bond market is the collective name given to all trades and issues of debt securities and include corporate, government, and municipal bonds.
( 30
min )
Foot Locker shares plunged after the retailer reported sales fell as inflation-weary shoppers spent less on the company's apparel and footwear.
( 17
min )
Should you spend your 529 account down quickly in hopes of qualifying for more financial aid? It's possible, but the strategy can also backfire.
( 24
min )
UPS workers ratified a deal worth $30 billion in wage increases and other benefits, ending contentious negotiations and the threat of a strike.
( 17
min )
Here are the three worst episodes of hyperinflation in modern history.
( 26
min )
The Purchasing Managers' Index is a telling sign of the U.S. economy. But what is it?
( 25
min )
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You now have a whopping 30 choices to lock in a CD rate of at least 5.50%, including a top nationwide rate of 5.75%. That's double the number available at the start of August.
( 19
min )
GM said in April about 5,000 salaried workers had taken buyouts to leave the automaker after it announced plans to cut costs by $2 billion this year. GM said around 80 to 90 employees working in software defined vehicle teams will remain in Arizona as it consolidates IT operations at its Michigan, Georgia and Texas facilities.
( 30
min )
Investors know the pain of seeing some of their stocks tumble after an analyst downgrade, but stocks also can slide when analysts maintain previous ratings but slash previous stock price targets by 10% or 20%. As Wall Street grapples with the latest Federal Reserve meeting minutes that suggest more interest rate hikes could be forthcoming, droves of analysts have been slashing price targets on interest-sensitive stocks such as real estate investment trusts (REITs). Over the past week,18 price ta
( 32
min )
Steel service center Esmark ended its $35 all-cash bid for United States Steel.
( 26
min )
The chip maker reported revenue of $13.5 billion for its latest quarter, well above analysts' expectation of $11.2 billion.
( 27
min )
Nvidia's numbers are out, and the chipmaker has once again smashed Wall Street expectations.
Here's what the company reported, versus what analysts expected, according to FactSet:
Revenue: $13.51 billion, versus $11.19 billion expected.
Earnings per share: $2.48 (GAAP) and $2.70 (non-G
( 22
min )
Nvidia's stock is surging after reporting better-than-expected earnings, and the chipmaker had even more goodies for its investors.
Nvidia also announced a new authorization to repurchase up to $25 billion worth of stock. Nvidia said it spent $3.28 billion on buybacks in the second quarter.
The ch
( 22
min )
Shares of the Santa-Clara, California-based company rose 6.3% in trading after the bell. They have tripled this year, making the company the first ever trillion-dollar chip business as investors bet Nvidia will be the key beneficiary of the AI boom. Analysts have estimated that demand for Nvidia's prized AI chips is exceeding supply by at least 50%, adding that the imbalance will stay in place for the next several quarters.
( 30
min )
United Airlines has agreed to a $30 million settlement after a deplaning incident left a quadriplegic man in a vegetative state, court papers show. The settlement with the family of Nathaniel Foster Jr, known as N.J., was disclosed on Tuesday in San Francisco federal court, and reached after one day of trial. It arose from the treatment of Foster, who had been using a wheelchair, ventilator and tracheal tube, as he and his family were disembarking from a Feb. 8, 2019 United Express flight to Monroe, Louisiana, where they had traveled to attend a funeral.
( 30
min )
Stablecoins settled more value than PayPal processed in 2022, with dollar-pegged tokens approaching Visa-level payments volumes.
( 26
min )
Longer-dated Treasury yields have been hitting the highest levels in more than a decade.
( 26
min )
(Bloomberg) -- Federal Reserve Chair Jerome Powell is expected to map out final steps in the US central bank’s campaign to tame inflation, and reinforce its commitment to finishing the job, when he speaks Friday in Jackson Hole, Wyoming.Most Read from BloombergWagner Chief Prigozhin Listed Aboard Crashed Jet, Reports SayHuawei Building Secret Network for Chips, Trade Group WarnsQQQ Up in Late Hours on Nvidia’s Bullish Forecast: Markets WrapGoldman Is Cracking Down on Employees That Aren't in Off
( 33
min )
Shares of the graphics-chip maker have been having a boffo year. The second-quarter earnings report will jar the stock price up or down.
( 26
min )
A lot hinges on Nvidia results, including the direction of the Nasdaq. Technical analysis of the chip maker's stock flashes a bearish warning, analyst says.
( 26
min )
The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.
( 27
min )
(Bloomberg) -- About $1.2 trillion of debt on US commercial real estate is “potentially troubled” because it’s highly leveraged and property values are falling, according to Newmark Group Inc.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysIndia First to Land Near Moon South Pole After Russia FailsBond Yields Sink as Wea
( 31
min )
Anyone active in the stock market is looking for solid returns, but is often faced with a problem: how to cut through all the noise and reams of data in order to generate those gains. Seasoned market participants will say there are all kinds of different strategies to follow, but one of the most straightforward ones is to track the moves made by Wall Street’s investing legends. And hardly any come with a more stellar reputation than hedge fund manager David Tepper. The billionaire investor is th
( 34
min )
"Broadcom will immediately invest an additional $2 billion a year to better unlock customer value,” CEO Hock E. Tan said.
( 10
min )
(Bloomberg) -- From his office just outside Los Angeles, Dominic Ng watched as California banks fell like dominoes — first crypto-friendly Silvergate Capital Corp. down near San Diego in early March, then Silicon Valley Bank up north days later, followed by San Francisco’s First Republic Bank at the beginning of May.Most Read from BloombergHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekMusk Told Pentagon
( 33
min )
U.S. business activity approached the stagnation point in August, with growth at its weakest since February as demand for new business in the vast service sector contracted. S&P Global said its flash U.S. Composite PMI index, which tracks manufacturing and service sectors, fell to a reading of 50.4 in August from 52 in July, the biggest drop since November 2022. While August's reading was the seventh straight month of growth, it was only fractionally above the 50 level separating expansion and contraction as demand weakened for both manufactured goods and services.
( 30
min )
If I have a tax-deferred 401(k). Can I convert it to a Roth IRA without paying the deferred taxes when I roll it over? -Tommy Generally, the answer here is no. There's typically no method to totally dodge taxes on … Continue reading → The post Ask an Advisor: I Want to Roll Over My Money to a Roth IRA. How Do I Avoid Paying Taxes? appeared first on SmartAsset Blog.
( 32
min )
Why hire a financial advisor who will take around 1% percent of your assets per year when you can get a certificate of deposit (CD) at over 5% with no fee? That alone amounts to a 6% return on your … Continue reading → The post Ask an Advisor: ‘Prove Me Wrong.' I Think Investing in CDs Is a Better Deal Than Working With an Advisor appeared first on SmartAsset Blog.
( 33
min )
Johnson & Johnson investors were able to exchange less than a quarter of their shares for the consumer split off. The company will update financial guidance next week
( 27
min )
The clothing retailer raises its outlook for full-year sales growth. Higher prices have helped.
( 26
min )
Shares of Peloton are sinking in premarket trading after the fitness-equipment maker reported another decline in paying subscribers and said the costs of an equipment recall was denting its profit.
The stock is down 27% in premarket trading.
More on Peloton's results:
[**Peloton Shares Pl
( 21
min )
Jeff Shepherd has left the company; Tony Iskander named as interim CFO.
( 25
min )
The company says the $40 million cost of a seat recall announced in May exceeded Peloton's initial expectations.
( 26
min )
Earnings from auto parts distributors such as Advance Auto Parts just might be the canary in the coal mine. There is a limit to what people can pay to buy and maintain their vehicles.
( 27
min )
The company swung to a loss of $5 million, from a profit of $94 million in the year-ago quarter.
( 26
min )
Foot Locker slashes its outlook for the second straight quarter and pauses its dividend as the shoe retailer grapples with a tough consumer backdrop.
( 27
min )
Analog Devices shares dropped on Wednesday after its quarterly guidance missed analysts' expectations. Other semiconductor companies with big industrial and automotive exposure were also falling.
( 26
min )
As investors pile into various higher yielding investments, it’s important to know the big taxable differences between each type.
( 25
min )
Investors in the sports retailer, Goldman Sachs, Charles Schwab, and several others will be hoping for some good news soon.
( 26
min )
Foot Locker is cutting its full-year outlook again and pausing its quarterly dividend as sales dropped in its fiscal second quarter with consumers continuing to be more cautious about their purchases. The footwear and clothing retailer said quarterly sales declined to $1.86 billion from $2.07 billion. “We did see a softening in trends in July and are adjusting our 2023 outlook to allow us to best compete for price-sensitive consumers,” President and CEO Mary Dillon said in a statement.
( 32
min )
A lot hinges on Nvidia results, including the direction of the Nasdaq. Technical analysis of the chip maker's stock flashes a bearish warning, analyst says.
( 27
min )
401(k) contribution limits should continue their upward climb in 2024, according to a recent projection by Mercer. However, easing inflation now means lower forecasts for 401(k) and other retirement plan contribution limits for next year. After rising substantially from $20,500 in 2022 to $22,500 for 2023, Mercer projects the annual cap to go up just […] The post 401(k) Contribution Limits Projected to Rise Again in 2024: How to Plan Ahead appeared first on SmartReads by SmartAsset.
( 32
min )
Tesla lowered the production target of its German plant to 4,350 a week in July and August after hitting 5,000 a week in March, and plans to reduce it further, according to a Business Insider report citing internal documents and anonymous sources. The U.S. carmaker had posted on X, the social media platform formerly known as Twitter, in late March that it hit 5,000 cars per week at the plant in Gruenheide near Berlin, but workers who declined to be named told Business Insider that this was a one-off and average output since then had been much lower, the article said. Tesla said in June it was hiring fewer temporary workers than it did in the beginning because they were no longer needed but that its production targets were on track.
( 31
min )
Former St. Louis Fed chief James Bullard warns that stronger growth will require even higher rates.
( 27
min )
Expectations are lofty, but concerns about China and the supply chain remain.
( 27
min )
Nvidia's highly anticipated second-quarter earnings are scheduled for after the closing bell Wednesday, Toll Brothers reports earnings and revenue that top Wall Street expectations, and sales at Urban Outfitters set a record.
( 27
min )
The investor's ARK Innovation Fund dumped the stock in January, missing out on most of the chip maker's meteoric 212% rise so far in 2023.
( 27
min )
Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.
( 28
min )
(Bloomberg) -- Gold isn’t losing its allure, according to a dozen money managers who all told Bloomberg News they expect to maintain or raise their exposure to the precious metal in the coming twelve months.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBulli
( 32
min )
Global investors have been offloading China’s flagship stocks in a record-selling streak, showing even the nation’s industry leaders are falling out of favour amid concerns for the economy.
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Money-market funds and Treasury bills are offering competition for high-dividend stocks with short-term rates above 5%, but they aren't the only game in town.
( 26
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(Bloomberg) -- Global investors have been shedding China’s blue-chip stocks in what’s been a record-selling streak, showing even the nation’s industry leaders are falling out of favor as a rout deepens. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapForeign i
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Bullish investors are hoping Wednesday's earnings report from chip heavyweight Nvidia can rejuvenate a U.S. stocks rally that has stumbled in recent weeks. Nvidia shares have tripled in 2023, underscoring how a rebound in megacap stocks and excitement over the business potential of artificial intelligence have helped propel the S&P 500 to a 14% gain this year. The chipmaker’s year-to-date increase has led gains among the so-called Magnificent Seven group of megacap stocks, which also include Apple and Microsoft.
( 33
min )
Bitcoin fell Wednesday morning in Asia to trade below US$26,000. Ether also dropped as all other top 10 non-stablecoin tokens traded flat to lower.
( 32
min )
Private equity firm Roark Capital is in the lead to acquire sandwich chain Subway for well over $9 billion after attaching conditions to some of the windfall the two families that own it will get, people familiar with the matter said on Tuesday. These conditions, known as an earn-out, defer payment on part of the deal consideration, the sources said. For the full price to be paid, Subway's cash flow would need to reach certain milestones over a specified period after the deal closes, the sources added.
( 32
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Nederlandse huishoudens en bedrijven verbruikten in de eerste helft van dit jaar 15,7 miljard kuub gas. Dat is ruim een derde minder dan in dezelfde periode twee jaar eerder. Ook in vergelijking met vorig jaar is sprake van een flinke daling: een min van 13 procent.
( 3
min )
Als het demissionaire kabinet niet ingrijpt, betalen automobilisten in 2024 fors meer aan de pomp. De accijnzen stijgen en worden ook aangepast aan de inflatie. Een liter benzine kost dan straks 21 cent extra en een liter diesel 13 cent.
( 3
min )
De huizenprijzen stijgen weer, bleek dinsdag uit cijfers van statistiekbureau CBS en het Kadaster. De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Wat betekent dat voor starters op de woningmarkt?
( 4
min )
Getir is straks in minder Nederlandse steden beschikbaar. Het boodschappenbezorgbedrijf stopt in Breda, Delft, Eindhoven, Groningen, Leiden en Tilburg. Verder wordt een deel van de locaties in Amsterdam gesloten. Het Turkse bedrijf kondigde eerder al krimpplannen in andere landen aan.
( 3
min )
De huizenprijzen stijgen weer, bleek dinsdag uit cijfers van statistiekbureau CBS en het Kadaster. De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Wat betekent dat voor starters op de woningmarkt?
( 4
min )
Vluchten van reisorganisatie Corendon naar Curaçao krijgen vanaf november een kindvrije zone. Volwassenen die geluidsoverlast van kinderen willen mijden kunnen terecht in een afgeschermde ruimte voor in het vliegtuig. Eerder konden toeristen al hotels zonder kinderen boeken.
( 4
min )
De zogenoemde BRICS-landen onderzoeken de invoering van een gezamenlijke munt voor onderlinge handel. De Braziliaanse president Luiz Inácio Lula da Silva hield daar op een top een pleidooi voor. Het doel is om minder afhankelijk te worden van de Amerikaanse dollar.
( 4
min )
India mag zich het vierde land ter wereld noemen dat succesvol op de maan is geland. De Indiase maanlander landde woensdag iets na 14.30 uur op de zuidpool van de maan.
( 4
min )
De Belastingdienst heeft onterecht onderzoek gedaan naar mogelijk gesjoemel met giften aan de Haagse As-Soennah-moskee, schrijft NRC woensdag. De rechter kan niet uitsluiten dat de fiscus heeft gediscrimineerd.
( 4
min )
Toen VanMoof vorige maand failliet ging, had de fietsenfabrikant een schuld van 143,8 miljoen euro. Dat bevestigt curator Jan Padberg na berichtgeving van het FD. De schuld is fors hoger dan de jaaromzet, die in 2021 op ongeveer 80 miljoen euro uitkwam.
( 4
min )
De eerste Russische maanlandingsmissie in 47 jaar is afgelopen weekend mislukt. Jullie vroegen op ons NUjij-reactieplatform waarom maanlandingen ondanks ruim vijftig jaar ervaring toch mis blijven gaan. Ruimtevaart is en blijft een groot experiment, zegt een expert.
( 4
min )
Toen VanMoof vorige maand failliet ging, had de fietsenfabrikant een schuld van 143,8 miljoen euro. Dat bevestigt curator Jan Padberg na berichtgeving van het FD. De schuld is fors hoger dan de jaaromzet, die in 2021 op ongeveer 80 miljoen euro uitkwam.
( 4
min )
Sinds de kredietcrisis zijn we elk jaar meer in de winkel gaan kopen, maar in 2023 komt daar waarschijnlijk verandering in. Door de inflatie houdt de consument de hand op de knip, waardoor de winkelverkopen volgens ING 2 procent lager uitvallen: de eerste daling in tien jaar.
( 3
min )
India doet woensdagmiddag een nieuwe poging om een maanrover op de maan te laten landen. Als dat lukt, is India het vierde land ooit dat hierin slaagt. Het is eerder alleen de voormalige Sovjet-Unie, de Verenigde Staten en China gelukt.
( 4
min )
De Gasunie breidt haar lng-terminal in de Rotterdamse haven verder uit. Dit moet ervoor zorgen dat ons land meer lng (vloeibaar aardgas) kan invoeren. Lng wordt gezien als een belangrijke vervanger van Russisch aardgas.
( 3
min )
De Belgische farmaceut Janssen is van plan zijn afdeling voor vaccinontwikkeling in Leiden te sluiten. Daardoor staan er mogelijk banen op de tocht, al is niet duidelijk om hoeveel arbeidsplaatsen het gaat. Dat heeft het bedrijf bevestigd na berichtgeving van De Telegraaf.
( 3
min )
The markets have been exhibiting some wobbly tendencies recently, with the strong rally seen in the first half of the year appearing to have wilted a bit under the summer sun. Fear not, however, appears to be the advice of one prominent stock picker. With US inflation falling to 3% recently compared to last summer’s 9%, and with GDP growth in the last quarter coming in at 2.4%, famous value investor Bill Miller, whose net worth is valued at $1.4 billion, thinks the rest of the year looks pretty
( 34
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The first commercial production of graphite in North America could be just 12 months away, a moment that will transform global electric vehicle supply chains forever.
( 41
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(Bloomberg) -- In a remote, dusty corner of New Mexico, so near to the Texas border that if you wander too close your smartphone changes time zones, sits a pristine factory that is the best chance for the US to wean itself off an addiction that few knew it had: uranium enriched in Russia.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office F
( 37
min )
(Bloomberg) -- Vanguard Group has famously stood apart in the money-management world with its popular mutual funds offering the liquid ETF wrapper.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysHuawei Is Building a Secret Network for Chips, Trade Group WarnsGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekStocks Fail to Catch a Bid Before Nvidia’s Results: Markets WrapBorrowers With $39 Billion in Student Loans Finally See ReliefN
( 31
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CD rates are still rising—and have set a record in every term—according to newly released national averages from the FDIC. How much longer will this party last?
( 19
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Today's best CD rate is a 5.85% jumbo option from One American Bank. For smaller deposits, the top rate is 5.75% from either Abound Credit Union or MapleMark Bank.
( 21
min )
The contract electronics manufacturer stock is on pace for a new closing high.
( 27
min )
Shares of electric-vehicle start-up VinFast are surging. The newly public company is worth more than Ford Motor and General Motors.
( 26
min )
Investors in acquired oil companies are being rewarded with the promise of steady cash flows and dividends over time, instead of hats full of cash.
( 26
min )
The favorable vote on a new contract with the logistics company is good news for a variety of businesses.
( 27
min )
J&J holders who participated in the exchange offer can choose which J&J shares they want to use for their cost basis in Kenvue.
( 26
min )
Billionaire philanthropist George Soros, while polarizing, has made some of the most successful trades in history. His fund has averaged a roughly 30% yearly return since inception. Soros made bets on Tesla Inc. as early as 2018 and ventured into cryptocurrency the same year. According to the billionaire's latest 13F filings, he is making other interesting bets going into the second half of 2023. See more on startup investing from Benzinga: Until 2016 it was illegal for retail investors to inves
( 31
min )
The move is effective Wednesday and is the result of embattled Philadelphia bank failing to file its 2022 annual report.
( 12
min )
(Bloomberg) -- Foreign investors are selling short-dated Treasuries, which suggests there’s more room for yields to rise as some buyers step back from paper that’s considered expensive. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife ArrestedThere’s been renewed selling in the less-tha
( 31
min )
Nearly everyone realizes demand for the company's artificial intelligence chips will likely outstrip supply for a while.
( 26
min )
Traders in the U.S. equity options market are expecting a larger-than-usual swing in Nvidia's shares following the chipmaker's quarterly results after the close on Wednesday, options market data showed. Nvidia options imply a nearly 11% swing for the shares, in either direction, by Friday, according to Trade Alert data. A move of that magnitude would be larger than the 8.6% average swing on the day after the chipmaker's results over the last eight quarters, but still well below the 24.4% jump after the last earnings report.
( 31
min )
(Bloomberg) -- Charles Schwab Corp. is looking to raise fresh debt in the US investment-grade bond market, after revealing plans to cut jobs and close or downsize offices to curb costs. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesThe financial services firm brought a benchm
( 31
min )
The race to space exploration has been heating up, with Elon Musk's SpaceX making significant strides in the sector. The private company is valued at approximately $150 billion after a recent share sale by investors. Musk is speculated to own roughly 44% of the company. The company reached an agreement with both new and existing investors to offer up to $750 million in stock from insiders at a price of $81 per share last month, valuing it at approximately $140 billion, according to a document se
( 33
min )
Leading economists say the threat of recession has passed, but there's a lot of reasons to think the worst is yet to come.
( 36
min )
In the latest volatile session since its backdoor listing last week, VinFast's stock was last up 127% at $40.24, giving it a market capitalization of $95 billion. Last Tuesday, the cash-burning company soared as it started trading on the U.S. stock market with an opening price of $22 following its tie-up with SPAC partner Black Spade Acquisition. With 99% of the EV firm controlled by founder Pham Nhat Vuong, the tiny amount of publicly available shares has made the stock prone to volatility.
( 31
min )
The stock is down about 32% this year, and fell again on Tuesday after Schwab outlined plans to rein in expenses.
( 26
min )
The move follows the company's recent announcement that it plans to acquire Crestwood Equity Partners in a $7.1 billion deal.
( 9
min )
There's a rush into Nvidia options ahead of the chip maker's earnings tomorrow, with many traders eyeing trades that would profit if the shares kept soaring.
Some of the most popular trades early Tuesday are calls tied to the shares jumping to $500 or even $700, Cboe Global Markets data show. Calls
( 21
min )
(Bloomberg) -- President Vladimir Putin demanded steps to control the outflow of capital from Russia and to reduce volatility in financial markets, warning of the threat from rising prices following the slump in the ruble.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysGoldman Is Cracking Down on Employees That Aren't in Office Five Days a WeekBorrowers With $39 Billion in Student Loans Finally See ReliefStocks Fail to Catch a Bid Before Nvidia’s Results: Ma
( 31
min )
3M announced three leadership changes Tuesday as it prepares to spin off its health care division into an independent company.
( 11
min )
Shares of VinFast jumped roughly 88% on Tuesday, continuing a streak of big swings in trading since the electric-vehicle stock debuted on the Nasdaq last week.
VinFast more than tripled in its public debut, then fell for three straight sessions. The stock is still up more than 200% since VinFast's
( 21
min )
A new plan to trim expenses has Charles Schwab shares selling off.
The stock is down 4% on Tuesday morning, after the brokerage firm said Monday it aims to save $500 million annually by [reducing its office space and trimming headcount](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-
( 22
min )
Shares of electric-vehicle start-up VinFast are surging. The newly public company is worth more than Ford Motor and General Motors.
( 26
min )
A new breed of overemployed workers has emerged, turning to artificial intelligence (AI)-powered language models like ChatGPT to handle a significant portion of their job responsibilities. "ChatGPT does like 80% of my job," stated one worker, while another, currently holding down four robot-performed jobs, says, "Five would be overkill." As the popularity of AI-powered tools like ChatGPT continues to soar, concerns are growing about the impact on the global job market. With the potential for job
( 33
min )
(Bloomberg) -- While higher interest rates can juice profits for a slew of lenders, a senior TD Securities strategist warns that the relentless jump in borrowing costs threatens to create fresh problems for the banking sector. Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateHong Kong Investor Starts Property Fire Sale After Wife ArrestedThe
( 31
min )
The materials company named a CEO for its healthcare business and added some responsibilities for its CFO.
( 27
min )
Move to cut the lenders' credit rating comes only weeks after Moody's slashed its ratings on several banks.
( 33
min )
Nvidia earnings have the potential to keep the tech rally going, but investors shouldn't forget the markets mantra: Don't fight the Fed.
( 27
min )
Nvidia stock is selling off on Tuesday, but the recent rally in shares ahead of Wednesday’s earnings shows that investors are still pretty enthusiastic.
The stock is up 6.8% since Aug. 16, according to FactSet. If that holds up through tomorrow’s close, it will be the second-strongest rally in the
( 22
min )
Riding the wave of positive economic developments in 2023, investors have significantly increased their exposure to the stock market this year. The evidence is in the data, as pointed out by Goldman Sachs’ Chief US Equity Strategist, David Kostin. The investment firm’s US Equity Sentiment Indicator rebounded from -1.8 in December to +1.5 in July. However, during August, the bears have been trying to regain a foothold, and over the past week, that metric has fallen to +0.8. Now, Kostin says that
( 34
min )
United States Steel Corp. CEO David B. Burritt sent a letter to employees Tuesday, thanking them for staying focused as the board of directors and upper management consider offers to sell the company.
( 10
min )
Broadcom, Inc. (AVGO) shares have jumped 54% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
3M in July disclosed plans to spin off its healthcare business into a listed company, in which 3M would retain a stake of 19.9%. Hanson would join 3M on Sept. 1 as CEO of Health Care Business Group, the company said.
( 31
min )
Arm Holdings is preparing for its IPO and the model for its success will be Nvidia - an AI chip favorite. But there are potential concerns about Arm's exposure to China and the smartphone market, warn analysts.
( 27
min )
Baidu, Inc (NASDAQ: BIDU) reported a second-quarter FY23 revenue growth of 15% year-on-year to $4.697 billion, beating the consensus of $4.570 billion. Baidu's Non-GAAP earnings per ADS of $3.11 beat the consensus of $2.32. Segments: Baidu's Core revenue increased 14% Y/Y to $3.64 billion; Online marketing revenue improved 15% Y/Y to $2.71 billion. Non-online marketing revenue grew 12% Y/Y to $937 million, driven by cloud and other AI-powered businesses. Revenue from IQIYI, Inc (NASDAQ: IQ) incr
( 31
min )
Macy’s swung to a loss and reported a sales decline in the second quarter as worries about inflation continue to make shoppers pull back on clothing and other discretionary purchases. Macy's reaffirmed its annual sales and profits forecasts, noting uncertainty about the economy in the second half. Macy’s is one of the last remaining retailers to report second-quarter results in an earnings season that shows how still high inflation, despite some easing, is forcing shoppers to continue to cut back on discretionary items like clothing in order to afford their larger grocery bills.
( 32
min )
A growing number of workers report that their primary source of retirement income will come from their 401(k) workplace savings plan, according to a new retirement study from Schwab. In 2022, workers said 37% of their retirement money would come from 401(k) cash. That figure has now risen to 40% of workers. Consider working with […] The post You May Need to Rethink Where Your Retirement Income Will Come From appeared first on SmartReads by SmartAsset.
( 32
min )
The company reports earnings per share of $4.56 in the quarter, beating FactSet expectations for $4.47.
( 26
min )
Rising hopes of Nvidia's revenue target once again surpassing Wall Street estimates have fueled a 16.5% surge in shares over the past week. Wall Street expects Nvidia, which dominates the market for chips used to power generative AI like ChatGPT and many such services, to forecast 110% growth in third-quarter revenue to $12.50 billion when it reports results on Wednesday. Nvidia's blowout forecast last quarter had also sparked a rally in AI-stocks as well as Big Tech, making it one of the key drivers for the U.S. stocks rally this year.
( 31
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Baidu said second-quarter net profit climbed, thanks to growth in online-marketing and video-streaming services.
( 26
min )
Dara Khosrowshahi took to the streets of San Francisco to give passengers rides and deliver Uber Eats orders.
( 33
min )
As part of the deal, Microsoft would sell the non-European streaming rights to Activision games to Ubisoft.
( 26
min )
Strong results at Baidu cut through macroeconomic concerns over China that have recently weighed on the country's stocks.
( 27
min )
Companies are disclosing the impacts of the 1% tax on share repurchases.
( 26
min )
Investors are wagering that the furious rally in Nvidia shares will continue after Wednesday’s earnings report.
( 27
min )
(Bloomberg) -- Baidu Inc.’s revenue rose its most in more than a year, joining China’s largest internet companies in rediscovering growth after Beijing relaxed its grip on the private sector to try and jumpstart a faltering economy.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ Clima
( 33
min )
(Bloomberg) -- Chinese stocks staged a sudden rally late on Tuesday, with several traders attributing the rebound to technical reasons in the absence of any fresh triggers.Most Read from BloombergMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysBorrowers With $39 Billion in Student Loans Finally See ReliefQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateIn Hong Kong, the Hang Seng Index climbed nearly 2% within
( 31
min )
Housing affordability, as monitored by the Atlanta Fed, has already deteriorated beyond the levels seen at the housing bubble's peak in 2006.
( 32
min )
(Bloomberg) -- China is extending two lines of currency defense to support the yuan, pushing up funding costs in the offshore market and battling back once more with a stronger-than-expected reference rate for the managed currency.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesTech Storms Back as Nvidia’s 8% Jump Fuels AI Bets: Marke
( 30
min )
(Bloomberg) -- Two weeks after Moody’s Investors Service rattled financial stocks by cutting the ratings for a slew of US banks, S&P Global Ratings is downgrading and dimming its outlook for several more — citing a similar mix of pressures making life “tough” for lenders.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapQuant Trader Doub
( 30
min )
S&P downgraded the ratings of Associated Banc-Corp and Valley National Bancorp on funding risks and a higher reliance on brokered deposits. It also downgraded UMB Financial Corp, Comerica Bank and Keycorp, citing large deposit outflows and prevailing higher interest rates. A sharp rise in interest rates is weighing on many U.S. banks' funding and liquidity, S&P said in a summarized note, adding that deposits held by Federal Deposit Insurance Corp (FDIC)-insured banks will continue to decline as long as the Federal Reserve is "quantitatively tightening."
( 31
min )
(Bloomberg) -- A top-performing Chinese macro hedge fund blamed global capital for sinking the country’s stocks to the lowest levels since November.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysQuant Trader Doubles Fortune to $11 Billion as XTX Profit SurgesS&P Joins Moody’s in Cutting US Banks Amid ‘Tough’ ClimateForeign funds are primary drivers of Chinese stocks’ recent selloff, said Li Bei,
( 32
min )
(Bloomberg) -- BHP Group Ltd., the world’s biggest miner, reported a 37% decline in full-year profit, missing analysts’ forecasts, as China’s struggling economy weighed on demand for iron ore and other commodities.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnUnderlying at
( 31
min )
Underwriting expenses consist of a wide range of costs and expenditures associated with underwriting activity.
( 18
min )
Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
( 18
min )
CD rates are still rising—and have set a record in every term—according to newly released national averages from the FDIC. How much longer will this party last?
( 17
min )
Today's best CD rate is a 5.85% jumbo option from One American Bank. For smaller deposits, the top rate is 5.75% from either Abound Credit Union or MapleMark Bank.
( 19
min )
The S&P 500 dipped 0.3% on Tuesday, Aug. 22, 2023, dragged down by weakness in the banking sector following S&P's downgrade of several lenders.
( 17
min )
Visa is a major card network but doesn't issue credit cards itself. Cards with the Visa brand include credit, debit, prepaid, and gift cards.
( 23
min )
Your debt-to-limit ratio compares your outstanding debt to your available credit and is an important factor in your credit score.
( 23
min )
Credit cards can no longer charge dormancy or inactivity fees, but other types of cards and financial accounts still can.
( 24
min )
A leveraged loan is one that is extended to companies or individuals that already have considerable amounts of debt or a poor credit history.
( 22
min )
Older adults are growing more fearful that the Social Security program will run dry, a fear that has some basis in reality, but which may or may not come true.
( 18
min )
American Express CD rates can be much higher than average with certain terms, and there’s no minimum balance to open a new CD.
( 21
min )
A financial plan is a document detailing a person’s current money situation and long-term monetary goals, as well as strategies to achieve them.
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min )
Add this to the many ways that we all could end up paying for the effects of climate change: The U.S. and other countries could see their credit ratings tumble, making their debts harder to pay off.
( 17
min )
A convertible insurance policy allows the insured to convert a term policy to a permanent policy at a later date.
( 20
min )
Personal loan rates jumped this week to 20.87%, adding 28 basis points since last week when the average personal loan rate sat at 20.59%.
( 18
min )
Pet insurance can help you save on veterinary care. Learn how pre-existing condition exclusions apply when purchasing pet insurance coverage.
( 21
min )
The Federal Trade Commission (FTC) recently uncovered a scam targeting student loan borrowers that made $8.8 million by promising debt relief.
( 17
min )
Tech giant IBM has agreed to a deal with investment firm Francisco Partners for its holdings in The Weather Company.
( 17
min )
Understand the differences between inflation and deflation, their effects on economies and consumers, and why economies frequently teeter between the two.
( 23
min )
If you can, take advantage of a little-known tax break and front-load your 529 plan to maximize the effect of compounding.
( 24
min )
Moving out into your first rental is a big step, so be financially prepared.
( 21
min )
These successful women entrepreneurs have built global brands and fortunes through their own hard work and strong drive.
( 25
min )
Your 529 plan will cover the same qualified education expenses when you study abroad as it does in the United States.
( 22
min )
Bank of America is the latest credit card issuer to offer benefits to electric vehicle (EV) owners with its rewards program.
( 17
min )
DICK's reported a 13% decline in EPS and a drop in gross margin, attributable in part to the growing problem of inventory shrinkage across the retail industry.
( 17
min )
More U.S. banks have been hit with credit rating downgrades, the latest development that threatens to make borrowing even more difficult for businesses and individuals.
( 18
min )
U.S. equity markets were mixed in midday trading on Tuesday, Aug. 22, 2023 as bank stocks lost ground after S&P downgraded several U.S. banks.
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min )
A country's balance of trade can affect its exchange rate when trade surpluses or trade deficits influence the supply of or demand for the country's currency.
( 20
min )
MACOM agreed to buy Wolfspeed's radio frequency for $125 million, in a move that the companies say could help MACOM boost its earnings and Wolfspeed better focus on its silicon carbide power device and material businesses.
( 17
min )
Your 529 plan withdrawals that aren’t used for qualified education expenses can be subject to tax and a 10% penalty. Here’s how to avoid that penalty.
( 25
min )
The rule of 72 is a mathematical shortcut used to predict when a population, investment, or other category will double in size for a given rate of growth.
( 20
min )
Lowe's, one of America's biggest home improvement retailers, said sales fell less than expected as robust spending online and by home professionals helped offset lower DIY discretionary demand.
( 17
min )
Although imperfect, these leading economic indicators can help investors predict and react to where the market is headed.
( 25
min )
While there are several kinds of personal loans that are easy to get approved for, these tend to be more costly than a traditional personal loan.
( 24
min )
Chinese e-commerce company Baidu reported revenue 15% higher, beating analysts' estimates, while its automated taxi service grew.
( 16
min )
Microsoft said it would transfer the cloud streaming rights of Activision's games to French rival Ubisoft to convince U.K. regulators to allow Microsoft's acquisition of Activision.
( 17
min )
The producer price index is a monthly measure of change in the prices received by domestic producers.
( 26
min )
The highest and lowest unemployment rates in the world vary dramatically, even among the world's largest economies, and low unemployment doesn't mean wealth.
( 25
min )
Retail sales tracks consumer demand for finished goods by measuring the purchases of durable and non-durable goods over a defined period of time.
( 25
min )
Form 1099-NEC is an Internal Revenue Service (IRS) form for businesses to report payments made to nonemployees, such as independent contractors.
( 21
min )
Core retail sales is an economic indicator of the strength of retail in the U.S. It excludes certain highly volatile categories such as gasoline.
( 22
min )
Microsoft submitted a new proposal to U.K. regulators for its stalled acquisition of Activision Blizzard, and Zoom shares rose after the video conferencing provider beat earnings projections on strength in its enterprise business. Here’s what investors need to know today.
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Cyclical unemployment and structural unemployment differ greatly. Here we describe how different types of unemployment impact workers and the economy.
( 36
min )
Learn about two competing economic theories of the role of money supply and whether money supply causes inflation in the economy.
( 23
min )
De Groningse economie is in de maanden april, mei en juni flink gekrompen. Dat komt door de afbouw van de gaswinning in de provincie.
( 3
min )
Na Vattenfall kondigt ook energiemaatschappij Essent lagere energietarieven voor klanten met een variabel energiecontract aan. Hoewel Essent minder vraagt voor stroom en gas, moedigt het bedrijf klanten nog wel aan zuinig aan te doen.
( 4
min )
Toezichthouder ACM gaat ervoor zorgen dat leveranciers van stadsverwarming geen torenhoge winsten kunnen maken. Dat moet voorkomen dat gebruikers van stadsverwarming te veel betalen voor hun energie.
( 3
min )
Big Bazar heeft ook verstek laten gaan bij een rechtszaak die is aangespannen door twee verhuurders in Drenthe. Dat gebeurde eerder ook al in Alkmaar. Toen zei de winkelketen dat het om een fout in de agenda ging.
( 4
min )
Schepen die door het Panamakanaal willen varen, moeten steeds langer wachten. Door de droogte en lage waterstanden in Panama is een grote opstopping ontstaan. De wachttijd voor schepen loopt flink op.
( 3
min )
Schiphol heeft in juli iets meer dan zes miljoen reizigers verwerkt. Het was voor het eerst sinds oktober 2019 dat het maandelijkse aantal reizigers boven de zes miljoen uitkwam. Wel zijn het er nog beduidend minder dan in juli 2019.
( 3
min )
Nederlandse particulieren pakten vorig kwartaal gemiddeld 3,2 procent rendement op hun beleggingen. Dan gaat het om investeringen in aandelen, obligaties en beleggingsfondsen.
( 3
min )
De top van het Britse bedrijfsleven zag zijn beloning vorig jaar met gemiddeld 600.000 euro stijgen naar 4,6 miljoen euro (3,9 miljoen pond). Ook de Nederlandse ex-Shell-topman Ben van Beurden boerde goed, met ongeveer 11 miljoen euro. De vergoedingen wekken irritatie bij veel Britten.
( 4
min )
Het Turkse boodschappenbezorgbedrijf Getir gaat reorganiseren. Dat betekent dat 2.500 medewerkers van het bedrijf hun baan verliezen. Dat is ongeveer 10 procent van het personeelsbestand.
( 3
min )
De top van het Britse bedrijfsleven zag zijn beloning vorig jaar met gemiddeld 600.000 euro stijgen naar 4,6 miljoen euro (3,9 miljoen pond). Ook de Nederlandse ex-Shell-topman Ben van Beurden boerde goed, met ongeveer 11 miljoen euro. De vergoedingen wekken irritatie bij veel Britten.
( 4
min )
Microsoft heeft nieuwe toezeggingen gedaan om gameontwikkelaar Activision Blizzard alsnog te mogen overnemen. De Britse toezichthouder CMA blokkeerde de deal in juni, omdat de softwaregigant anders mogelijk te machtig wordt op de markt voor online games.
( 4
min )
Nederlandse particulieren pakten vorig kwartaal gemiddeld 3,2 procent rendement op hun beleggingen. Dan gaat het om investeringen in aandelen, obligaties en beleggingsfondsen.
( 3
min )
De Verenigde Staten hebben 27 Chinese bedrijven en organisaties van de 'zwarte lijst' gehaald. Bedrijven op die lijst hebben beperkte toegang tot Amerikaanse technologie.
( 3
min )
Oekraïne wil de graanexport herstellen nu Rusland uit de graandeal is gestapt. Kiev is in gesprek met verzekeringsmaatschappijen die graanschepen in de Zwarte Zee kunnen dekken.
( 3
min )
Apple rolt dinsdag zijn nieuwe dienst Tap to Pay uit in Nederland. Daarmee kunnen winkeliers van hun iPhone een pinapparaat maken.
( 3
min )
The Charles Schwabe Corporation reported in an SEC filing Monday it plans to close or downsize some corporate offices and reduce its headcount to cut costs.
( 31
min )
The action could lift shares of Kenvue, but Johnson & Johnson stock could come under pressure due to index selling.
( 26
min )
(Bloomberg) -- An exchange-traded fund that aimed to track CNBC anchor Jim Cramer’s stock picks is planning to shutter just five months after launching.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefMusk Told Pentagon He Spoke to Putin Directly, New Yorker SaysNasdaq 100 Climbs 1% as Tech Powers Stock Rebound: Markets WrapCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe Long Cramer Tracker ETF (ticker LJIM) will stop trading Sept. 11, accor
( 31
min )
Charles Schwab is spending hundreds of millions to exit facilities and cut jobs.
( 10
min )
Facebook users in the U.S. have until Friday to apply for their share of a $725 million privacy settlement that parent company Meta agreed to pay last year.
( 31
min )
AMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.
( 26
min )
States with many workers without retirement savings are likely to face a spike in senior poverty, researchers say.
( 30
min )
The yield on a 10-year government bond is at 4.34%, its highest level since 2007. The 30-year, at 4.445%, was at its highest level since 2011.
( 26
min )
Shares of chipmaker Nvidia were up Monday after HSBC analysts lifted the chipmaker’s price target on an increasing sales forecast for fiscal 2024.
( 31
min )
Carrier American Airlines struck a new four-year contract that immediately raises pay by 21% and adds additional benefits, including changes in scheduling.
( 27
min )
Grant Cardone, a renowned sales trainer, speaker and entrepreneur with an estimated net worth of $600 million, recently took to X, formerly Twitter, to raise a thought-provoking question: "Can someone explain to me how public servants (politicians) are becoming multimillionaires on $100,000 salaries?" While the message did not specify which public servants he was referring to, it is presumed that Cardone’s remarks were primarily aimed at members of the U.S. Congress. See more on startup investin
( 32
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Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 21
min )
Who will end up acquiring U.S. Steel? One analyst thinks the road for a successful buyer runs, in part, through United Steelworkers.
( 10
min )
The yield on a 10-year government bond is at 4.34%, its highest level since 2007. The 30-year, at 4.445%, was at its highest level since 2011.
( 26
min )
At least four lawsuits have been filed against the utility in connection with the wildfires that devastated Maui.
( 27
min )
Everyone has their crystal ball out, trying to figure out where stocks are going. The market’s recent performance is no guide – stocks rose sharply through most of this year, but this August has seen several weeks of consecutive declines. Looking forward, both the bulls and bears can present solid arguments. Marko Kolanovic, J.P. Morgan’s Chief Global Market Strategist, sides with the latter, as he believes the market is on the verge of a downturn. Kolanovic notes that US households built up mor
( 35
min )
China is facing a “downward economic spiral” amid a mounting crisis in its debt-laden property sector, analysts have warned.
( 32
min )
American Airlines pilots have approved a new contract that will raise their pay about 41% over four years, their union said Monday. The Allied Pilots Association said that 73% of pilots who took part voted in favor of the four-year contract, which it valued at $9.6 billion. “This contract is a big first step toward restoring the wages, benefits, and work rules that were lost during the past two decades while our profession was under continuous assault," said union President Ed Sicher.
( 31
min )
With the late Steve Jobs and Steve Wozniak, Apple Inc.'s co-founders, dominating the tech world for decades, it’s easy to overlook the vital role played by a lesser-known figure: Mike Markkula. While Jobs and Wozniak captured the limelight, Markkula’s contributions to Apple's success were no less significant. From angel investor to CEO and chairman, Markkula’s journey with Apple showcased his belief in the power of personal computers. See more on startup investing from Benzinga: Until 2016 it wa
( 33
min )
(Bloomberg) -- The government has issued an eye-watering $1 trillion in Treasury bills since the debt-ceiling was suspended in early June. So far, the market hasn’t batted an eye.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBig Tech Powers Stock Gains as Nasdaq 100 Rises 1%: Markets WrapFor all the concerns about whether the market wo
( 31
min )
AMC Preferred Equity units, also known as APES, will no longer be traded on Aug. 25, and will instead be converted to common stock.
( 26
min )
SentinelOne Inc, a cybersecurity company with a market value of $4.2 billion, has been exploring options that could include a sale, according to people familiar with the matter. It had benefited from a bonanza in technology spending during the COVID-19 pandemic, fueled by remote work, which fizzled as companies slashed their information technology budgets as the economy slowed. SentinelOne has hired investment bank Qatalyst Partners to advise on discussions with potential acquirers, including private equity firms, the sources said.
( 32
min )
Wall Street Journal Mark Vs. Elon: Meta's Threads Prepares To Counter Musk's X With Web Version Meta Platforms Inc (NASDAQ: META) is gearing up to launch a desktop version of its microblogging application, Threads. The anticipated web version seeks to address a significant request from its user base and comes as a notable upgrade to its rivalry against Elon Musk's X. After Meta's initial release of Threads in July, it witnessed a surge in popularity, but its momentum has noticeably slowed recent
( 35
min )
(Bloomberg) -- Nvidia Corp. shares climbed as much as 5.4% on Monday, as more analysts raised their price targets on the stock, a sign of growing optimism about the chipmaker’s highly anticipated results later this week.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Double Down on a Bet Gone BadCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnBond Slide Takes Wind Out of Stocks Amid Fed Angst: Markets WrapThe ave
( 32
min )
The U.S. housing market has been under pressure as a result of substantial interest rate hikes from the Federal Reserve. But that hasn't deterred legendary investor Warren Buffett from placing big bets in the sector. In its latest 13F filing with the Securities and Exchange Commission, Buffett's company Berkshire Hathaway Inc. (NYSE:BRK) disclosed new stakes in three U.S. homebuilders. Investors often pay close attention to Buffett's 13F filings because of his track record of generating consiste
( 33
min )
Shares of FedEx and Amazon are both falling after investors learn that Amazon has restarted a third-partly logistics offering.
( 26
min )
Germany’s “lacklustre” economy will likely stagnate again in the third quarter, the Bundesbank has said, as weak demand from abroad and high interest rates take their toll on Europe’s industrial powerhouse.
( 44
min )
(Bloomberg) -- The yield on 10-year inflation-protected Treasuries exceeded 2% for the first time since 2009, extending its ascent from year-to-date lows near 1%.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe benchmark rose as much as 6 basis points to 2%, before easing a
( 31
min )
Roark Capital is nearing a deal to buy sandwich chain Subway for about $9.6 billion, the Wall Street Journal reported on Monday.
( 29
min )
It has been a tough year for the stock prices of Covid-19 vaccine makers, but today is a different story.
Moderna shares are up 7% Monday, after a Biden administration official urged Americans to get booster shots for the disease this fall. Moderna [said in a release last week](https://investors.mo
( 22
min )
Coming off last year’s merciless bear market year, billionaire value investor David Einhorn managed to buck the trend and steer his hedge fund Greenlight Capital to its best performance in a decade. Now, Einhorn finds himself a bit worried about what might come next. “If we were ‘bearish’ until March and ‘neutral’ through June, we would now characterize ourselves as ‘worried,’” he recently said. “Should long-term interest rates rise, either due to the strong economy or due to supply/demand issue
( 34
min )
Johnson & Johnson investors who elected to participate in the swap will see just 23.8% of their shares converted into Kenvue stock
( 26
min )
The EV maker announced the sale of up to $325 million in convertible bonds. The initial tranche will bring in roughly $125 million to company coffers.
( 26
min )
The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.
( 27
min )
Analysts seem convinced that Nvidia earnings will wow Wall Street this week. Does it raise the risk of disappointment that could hit the whole stock market?
( 27
min )
The company has been in a dispute with a group of former board members.
( 10
min )
A decline in parcel volume and a combination of the Express and Ground units leaves the company with an excess of 700 pilots.
( 25
min )
For the rest of 2023, Baird analyst Ben Kallo has six "best ideas" for investors. Tesla is one of them.
( 27
min )
XPeng upgraded, Napco downgraded: Wall Street's top analyst calls
( 34
min )
I am 60 years old, married, with no mortgage. We also have $1.1 million in liquid cash and $880,000 in a 401(k). I will have two pensions, which have not started yet, and my wife will have one pension, all … Continue reading → The post Ask an Advisor: I Am 60 Years Old, Have $1.1M Cash, $880K in a 401(k), Several Pensions and Social Security. Should I Retire Now? appeared first on SmartAsset Blog.
( 34
min )
The poster child for 2023's artificial intelligence frenzy, Nvidia, reports earnings this week.
The stakes are high ahead of this week's earnings report—not just for Nvidia, but for the broader market. Many analysts have [turned bullish on the stock](https://www.wsj.com/finance/stocks/the-ai-trade-
( 22
min )
Johnson & Johnson investors who elected to participate in the swap will see just 23.8% of their shares converted into Kenvue stock
( 26
min )
Medical Properties Trust slashed its dividend on Monday, an acknowledgement that its previous payouts had become unsustainable.
The Birmingham, Ala.-based real estate investment trust, the nation’s largest hospital landlord, said it would cut its quarterly dividend per share to 15 cents from 29 cen
( 22
min )
The Food and Drug Administration approved 8-milligram doses of Eylea, a treatment for wet age-related macular degeneration.
( 27
min )
After weeks of historically low volatility, Bitcoin snapped back into action late last week with a dramatic selloff. More declines may be coming.
( 26
min )
The effect of politically motivated boycott calls on consumer companies may be overblown, research suggests.
( 27
min )
A Midland-based company that formed through a merger just under a year ago has agreed to pay $4.5 billion to acquire a Houston-area energy company that's been on an acquisition streak of its own.
( 12
min )
Permian Resources plans on increasing its quarterly dividend by 20% to 6 cents a share beginning in the first quarter of 2024.
( 26
min )
The EV maker announced the sale of up to $325 million in convertible bonds. The initial tranche will bring in roughly $125 million to company coffers.
( 26
min )
(Bloomberg) -- A former Deutsche Bank AG trader is rapidly amassing enough wealth in the fallout from volatile interest rates and inflation to rival some of the richest billionaires in finance.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnAlex Gerko’s fortune has surged to $
( 32
min )
(Bloomberg) -- Nikola Corp. fell in early trading after the maker of electric big rigs warned it may not reach its full-year delivery target as it grapples with fallout from recent battery incidents.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnThe company also said in a reg
( 31
min )
Employees who don't comply with the new rules could face termination or see their performance reviews impacted.
( 33
min )
The U.K.’s Competition and Markets Authority said the deal wouldn't substantially reduce competition in the supply of server hardware components.
( 27
min )
Analysts seem convinced that Nvidia earnings will wow Wall Street this week. Does it raise the risk of disappointment that could hit the whole stock market?
( 27
min )
Investing.com -- Shares in Johnson&Johnson (NYSE:JNJ) slipped on Monday after the American healthcare giant said it will retain about a 9.5% stake in its consumer health carve-out Kenvue (NYSE:KVUE) following a share exchange offer.
( 31
min )
BofA Securities analyst Ming Hsun Lee upgraded XPeng stock to Buy from Hold, raising his price target to $22 from $16.30.
( 26
min )
Permian Resources said on Monday it would buy Earthstone Energy in an all-stock transaction valued at about $4.5 billion, including debt. The deal would strengthen Permian Resources' position as a leading Delaware Basin independent producer with pro forma production of about 300,000 barrels of oil equivalent per day (boepd). Delaware Basin, a part of the wider Permian Basin, is a prime target for producers looking to increase their inventory.
( 30
min )
Amid record profits, workers want to roll back concessions made to auto industry after the 2008 economic recession
( 35
min )
The Fed's interest rate hikes have driven money market fund yields to their highest level in decades with balances at a record high as investors look to beat inflation.
( 32
min )
In a reality check for natural-gas producers, volatile prices are prompting European homes and factories to go green faster than expected.
( 25
min )
Nvidia investors expect the chip designer to forecast quarterly revenue above estimates when it reports results on Wednesday. Nvidia shares have nearly tripled in value this year, swelling the company's market valuation by more than $700 billion and making it the first trillion-dollar chip firm. The blistering rally in its shares means that Nvidia has little room for any earnings-related disappointment and anything other than a higher-than-expected forecast could trigger a rout in its stock, some analysts have warned.
( 32
min )
The People’s Bank of China reduced its one-year loan prime rate by 0.1 percentage point to 3.45% while the five-year rate was kept unchanged at 4.2%, disappointing investors.
( 26
min )
Fresh evidence of a robust U.S. economy last week yet again stoked expectations that the Federal Reserve could keep rates higher for longer, driving 10-year Treasury yield to its highest level since October. Investors are now keenly waiting for comments from Fed Chair Jerome Powell on Friday at a meeting of central bankers at Jackson Hole in Wyoming that begins on Aug. 24.
( 32
min )
(Bloomberg) -- Two of Wall Street’s top strategists are at odds about the outlook for US stocks following a three-week run of declines as debate rages over whether the economy can avoid a recession.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefBond Bulls at JPMorgan, Allianz Keep Piling Into a Bet Gone BadPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityCargill Tests 123-Foot-Tall Sails in Effort to Slash Fuel BurnWhile Morgan Stanley’s Michael
( 32
min )
After weeks of historically low volatility, Bitcoin snapped back into action late last week with a dramatic selloff. More declines may be coming.
( 26
min )
China's major state-owned banks were seen actively mopping up offshore yuan liquidity on Monday, three people with knowledge of the matter said, a move that raised the cost of shorting the Chinese currency. State banks often act as agents for China's central bank in the offshore foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Tightening up offshore yuan liquidity could also act to stabilise the yuan, said one of the sources.
( 30
min )
Surging loan delinquencies signal that many consumers can’t afford their auto loans.
( 27
min )
Tech stocks are powering the bull market, but AI-powered exchange-traded funds are lagging behind.
( 26
min )
(Bloomberg) -- Oil rose for a third day as signs the physical market is tightening and a stall in the dollar’s rally offset growing demand risks in China and the US.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionGlobal benchmark Brent traded above $85 a barrel, and is up more t
( 31
min )
↗️ Palo Alto Networks (PANW): Shares rose more than 12% in premarket trading after the cybersecurity firm's earnings beat analysts' estimates. The unusually timed Friday-night release [had Wall Street worried](https://www.wsj.com/articles/cybersecur
( 21
min )
Full-time in-office work is going the way of the dinosaurs. Now the choice is between hybrid and fully remote work, the survivors in the new world of work.
( 35
min )
Palo Alto Networks reassured analysts with its earnings report after a brief panic over its unusual timing. It's a relief for cybersecurity peers CrowdStrike and Zscaler.
( 27
min )
(Bloomberg) -- Chinese stocks extended losses as mainland banks surprisingly kept a key interest rate that’s linked to mortgages on hold, in a move that sent mixed messages on the country’s commitment to support the embattled property sector. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over
( 32
min )
Palo Alto Networks' fiscal fourth-quarter earnings top analysts' expectations, a report says Meta Platforms is expected this week to launch of desktop version of its microblogging app Threads, Zoom Video reports earnings after the close of trading Monday, and Nvidia reports later in the week.
( 27
min )
(Bloomberg) -- Adyen NV’s most skeptical analyst isn’t allowing others to wrestle away his position as the most bearish on the Street.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionCitigroup Inc.’s Pavan Daswani, who had the lowest price target ahead of last week’s share-price
( 31
min )
(Bloomberg) -- Chinese banks made a smaller-than-expected cut to their benchmark lending rate on Monday and avoided trimming the reference rate for mortgages, despite the central bank putting pressure on lenders to boost loans. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAl
( 31
min )
(Bloomberg) -- Chinese stocks will settle in a lower trading range than previously expected until Beijing introduces more forceful policy responses to address the contagion risk from a property slump, according to Goldman Sachs Group Inc.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes
( 32
min )
Investing.com -- Shares in Napco Security Technologies Inc (NASDAQ:NSSC) shed over a third of their value in premarket U.S. trading Monday after the high-tech electronic security equipment manufacturer said it would revise its financial statements over the first three quarters of its 2023 fiscal year.
( 31
min )
(Bloomberg) -- Some of Country Garden Holdings Co.’s bondholders are demanding full repayment of a local bond due early next month, after the embattled Chinese property developer proposed a three-year extension for the yuan-denominated note.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Priced at Over $
( 31
min )
Asian stocks were mixed Monday as traders looked ahead to the Federal Reserve’s summer conference for signs of whether the U.S. central bank thinks inflation is under control or more interest rate hikes are needed to cool inflation. Wall Street’s benchmark S&P 500 index edged down 0.1% on Friday to end the week lower ahead of the Jackson Hole, Wyoming, conference. Fed officials have used the event in previous year's to indicate changes in policy direction.
( 33
min )
The MSCI All Country World Index is down nearly 6% from its recent highs, though still up 10% for the year. One key worry for investors is a surge in bond yields that has come as signs of stronger-than-expected growth in parts of the global economy fuel bets on central banks leaving interest rates at current levels for longer than expected. Meanwhile, U.S. real yields, which show what investors can expect to earn on government bonds after adjusting for inflation, stand near their highest point since 2009.
( 33
min )
The Federal Reserve’s interest-rate hikes and recent bank failures mean lenders aren’t competing so fiercely for jumbo loans.
( 27
min )
(Bloomberg) -- The dollar inched lower versus most of its major counterparts while Asian equity futures pointed to a cautious open to trading. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBruised Stocks Face Week Full of Tests, From Nvidia to PowellInvestors will be focused
( 32
min )
(Bloomberg) -- Some of China’s largest mutual fund houses have promised to buy their own equity-focused products, heeding calls from authorities to bolster the market as a selloff continues.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundE-Fund Management Co. and China Asset Ma
( 31
min )
Shares of many Chinese property developers fell as investor sentiment took a hit after the country’s central bank kept its mortgage rate unchanged, exacerbating concerns over problems in the country’s property sector.
( 25
min )
(Bloomberg) -- Three years of trade curbs have gutted Australia’s exports to China across a bunch of commodities, from luxury items like lobster to vital fuels like coal.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundBeijing imposed a variety of restrictions in 2020, from tari
( 34
min )
(Bloomberg) -- Investors betting on an extension of Baidu Inc.’s market-beating rally may be due for a reality check as concerns about the sluggish Chinese economy and setbacks from a key segment of its business deepen. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundAlas, Trum
( 33
min )
China cut its one-year benchmark lending rate on Monday, as expected, as authorities seek to ramp up efforts to stimulate credit demand, but surprised markets by keeping the five-year rate unchanged. The one-year loan prime rate (LPR) was lowered by 10 basis points to 3.45% from 3.55% previously, while the five-year LPR was left at 4.20%. Most new and outstanding loans in China are based on the one-year LPR, while the five-year rate influences the pricing of mortgages.
( 30
min )
Bitcoin edged up on Monday morning in Asia to trade above US$26,000, after sliding over 10% for the week. Ether also moved higher but remained below US$1,700.
( 33
min )
Yellow Trucking company filed for chapter 11 bankruptcy in early August and now companies are beginning to bid for the company's assets, which include 160 trucking terminals.
( 31
min )
Jordan Company could announce the deal as soon as this week, the report said, adding that no final decision has been made and that talks could still fall apart. Lone Star and Platinum Equity were the other bidders for the assets, Bloomberg News had reported earlier in the month. DuPont had earlier this month raised its 2023 sales forecast betting on demand picking up for its materials used to make a wide range of products including automotive components and semiconductors.
( 31
min )
(Bloomberg) -- Taiwan’s biggest financial conglomerate has cut back on its exposure to China as it braces for any deeper fallout from the property crisis in the world’s second-largest economy.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundFubon Financial Holding, which operate
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(Bloomberg) -- If they’d been offered today’s economy a year ago – with inflation downgraded from emergency to mere headache, still-low unemployment, and growth that’s slowed without stalling – the world’s top central bankers would’ve taken it like a shot.Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk
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Life insurance can provide peace of mind, but only if you buy the right type of policy and amount of coverage. Here's how.
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The Darla Moore School of Business is the business school of the University of South Carolina.
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The S&P 500 posted a 0.7% gain to start the trading week on Monday, Aug. 21, 2023, boosted by strong performance from technology stocks.
( 16
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Permian Resources announced a $4.5 billion deal for rival driller Earthstone that it said will improve its position in the Delaware basin and accelerate shareholder returns.
( 17
min )
Find out some of the lower-risk ways to invest in foreign markets.
( 20
min )
It is possible for an insurer to cancel your policy after an accident but unlikely, unless you are a high-risk driver.
( 20
min )
Block Height indicates the overall length of a blockchain.
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min )
A growing number of business economists believe the U.S. economy can avoid a long-predicted recession.
( 18
min )
Shares of COVID-19 vaccine makers including Moderna and Novavax surged on Monday after a report that the Biden administration plans to urge Americans to get booster shots for the fall, as new subvariants emerge and cases rise.
( 17
min )
You could suspend your mortgage payments for up to 360 days under federal law if your income was affected by COVID-19. There's still some help available.
( 28
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Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 19
min )
The lowest annual salary workers are willing to accept on average is the highest it's ever been.
( 17
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Today’s soaring home prices and mortgage rates mean the typical household falls short of the income needed to buy the median-priced home by more than $20,000 a year.
( 17
min )
Shares of Palo Alto Networks rallied after the company beat expectations for earnings on strong demand for the firm's cybersecurity services.
( 17
min )
Important aspects of a capitalist system include private property, private control of the factors of production, accumulation of capital, and competition.
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The term "brick-and-mortar" refers to a traditional business that offers its products and services to its customers in an office or store, as opposed to an online-only business.
( 23
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Dan Ives, Senior Equity Analyst for Wedbush Securities and one of the industry's top analysts, takes stake of the recent selloff in tech stocks, and paints a picture of the AI future for companies including Apple, Tesla, Palantir and GM.
( 19
min )
A grandfather clause is an exemption that allows people or entities to continue with activities that were approved before the implementation of new rules or laws.
( 22
min )
Discover how online retailers can list certain expenses as a cost of goods sold (COGS) and even claim a tax deduction for them.
( 22
min )
A press release is a newsworthy or informational article usually issued by a firm’s public relations department.
( 22
min )
Purchasing power parity (PPP) compares economic growth and standards of living in different countries with a common currency/basket of goods approach.
( 25
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Understand the meaning of capital expenditures (CapEx) and find out the implications for companies resulting from relevant tax laws.
( 22
min )
"Mom-and-pop" is a colloquial term used to describe a small, family-owned or independent business. These types of operations often struggle to compete with more substantial establishments.
( 24
min )
The Small Business Administration (SBA) is a U.S. government agency established to promote and strengthen the overall economy by assisting small businesses.
( 28
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The IRS has extended various tax deadlines for residents of Maui and Hawaii Counties, which were ravaged by wildfires last week.
( 18
min )
U.S. equity markets were mixed in midday trading on Monday, Aug. 21, 2023 as tech stocks surged and Treasury yields rose.
( 16
min )
Depending on how it's measured, the unemployment rate is open to interpretation. Learn how to find the real rate and how it affects everyone.
( 27
min )
Shares in Napco lost 40% of their value after the company said its first three quarters would be restated after errors.
( 17
min )
Proof of Capacity is a consensus mechanism that uses a mining node’s hard drive space to decide the mining rights on the blockchain network.
( 20
min )
Materials manufacturer DuPont de Nemours Inc. (DD) has agreed to sell its 80.1% controlling stake in Delrin to private equity firm The Jordan Company in a deal valued at $1.8 billion.
( 17
min )
The U.K.'s Competition and Markets Authority gave the green light for Broadcom's $69 billion purchase of VMware.
( 17
min )
The companies may need regulatory approvals before making the purchase official
( 16
min )
A web version of Threads, Meta Platforms' chat-based social media app linked to Instagram, could launch as soon as this week, as executives aim to boost user engagement and signups.
( 17
min )
A hashed timelock contract (HTLC) is a smart contract used in cryptocurrencies to configure time-bound contracts.
( 21
min )
The public largely believes the Federal Reserve is responsible for how much inflation has cooled down over the past years—and that could be music to the ears of policymakers.
( 18
min )
An incentive stock option (ISO) is an employee benefit that gives the right to buy stock at a discount with a tax break on any potential profit.
( 22
min )
A line chart connects a series of data points with a line and is used by traders to monitor closing prices.
( 22
min )
A Renewable Energy Certificate is proof of the production of one megawatt-hour (MWh) of electricity generated from a renewable energy resource.
( 19
min )
Operating income and EBITDA are both important numbers when analyzing a company's earnings. However, they are different measures of profitability.
( 20
min )
Embezzlement is a form of fraud wherein a person or entity intentionally misappropriates assets for personal use.
( 24
min )
So you want to be a venture capitalist? Learn what it takes, where to start, and what kind of attitude you will need to take on the world of venture capitalism.
( 26
min )
Cost of goods sold and cost of sales both represent direct costs involved in production. However, some companies use one term rather than the other.
( 18
min )
Guaranteed life insurance doesn't require a medical exam or other health information, but it's more expensive than other kinds of insurance.
( 21
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De prijs van een koophuis was in juli gemiddeld 0,5 procent hoger dan een maand eerder. Ook in juni was al sprake van een kleine stijging. De maanden daarvoor zakten de huizenprijzen juist iets. Dat blijkt uit cijfers van statistiekbureau CBS en het Kadaster.
( 4
min )
De iconische uitspraken "It's-a me, Mario" en "Mamma mia" in Super Mario zullen binnenkort wellicht anders klinken. De stem achter Mario, Charles Martinet, houdt er namelijk mee op.
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min )
Wie zijn fatbike wil verzekeren, kan vanaf volgende maand niet meer bij de ANWB terecht. De bond stopt op 6 september voorlopig met het aanbieden van verzekeringen, omdat de elektrische fietsen met dikke banden aan de lopende band worden gestolen.
( 3
min )
Wie naar een woning een paar straten verderop verhuist, kan zomaar honderden euro's extra kwijt zijn aan een autoverzekering. Dat blijkt uit onderzoek van vergelijkingssite Geld.nl.
( 3
min )
Beleggers willen nog steeds van hun Adyen-aandelen af. Op de Amsterdamse beurs zakte de koers maandagochtend zo'n 5,5 procent, nadat Adyen donderdag en vrijdag ook al flink minder waard was geworden.
( 3
min )
De prijs voor aardgas is maandagochtend hard opgelopen. Handelaren moesten op een bepaald moment zelfs 18 procent meer betalen voor een megawattuur. Oorzaak hiervan zijn mogelijke stakingen bij productielocaties in Australië.
( 3
min )
Vattenfall verlaagt per 1 oktober de energietarieven voor een deel van zijn klanten. Dit komt doordat het bedrijf zijn stroom en gas zelf goedkoper kan inkopen. Huishoudens gaan er volgens de leverancier gemiddeld zo'n 95 euro per jaar op vooruit.
( 4
min )
De Chinese centrale bank heeft voor de derde keer in drie maanden de rente verlaagd. Peking hoopt dat Chinezen daardoor hun geld weer laten rollen en ook dat bedrijven meer gaan investeren. Dit moet de zwakke economie op de rails krijgen.
( 3
min )
Het communicatienetwerk C2000 van de politie kampt met zoveel problemen, dat er vroeg of laat slachtoffers gaan vallen. Daarvoor waarschuwt een klokkenluider. Politieagenten op straat kunnen in crisissituaties niet op het netwerk vertrouwen.
( 12
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Het communicatienetwerk C2000 van de politie kampt met zoveel problemen, dat er vroeg of laat slachtoffers gaan vallen. Daarvoor waarschuwt een klokkenluider. Politieagenten op straat kunnen in crisissituaties niet op het netwerk vertrouwen.
( 11
min )
Het communicatienetwerk C2000 van de politie kampt met zoveel problemen, dat er vroeg of laat slachtoffers gaan vallen. Daarvoor waarschuwt een klokkenluider. Politieagenten op straat kunnen in crisissituaties niet op het netwerk vertrouwen.
( 11
min )
SR-22 'insurance' is a certificate your state may require if your driver's license has been suspended or revoked and you want to get it reinstated.
( 22
min )
Learn about economies of scope and economies of scale, the differences between them, and how they offer cost advantages to companies.
( 24
min )
Corporate bonds can provide compelling returns even in low-yield times. But they are not without risks.
( 21
min )
Some economists theorize that the crowding-out effect negates the multiplier effect induced by government stimulus spending. Learn more about how this happens.
( 21
min )
LIBOR is a crucial benchmark reference rate with global economic impact.
( 21
min )
Liberalization of countries in emerging markets provides new opportunities for investors to increase their diversification and profit.
( 21
min )
Learn about the origins of the law of supply and demand, an important economic principle that's centuries old but still affects today's economy.
( 22
min )
Public infrastructure spending is a popular policy tool intended to boost the economy, but it may only be effective in certain circumstances. Learn when it works.
( 27
min )
From unemployment and inflation to government policy, learn what macroeconomics measures and how it affects everyone.
( 26
min )
In finance, the acronym "FANG" refers to the stocks of four technology companies: Facebook (META), Amazon (AMZN), Netflix (NFLX), and Google (GOOG).
( 22
min )
The American Land Title Association is a trade association representing the title insurance industry, seeking to improve industry oversight.
( 19
min )
Collision insurance is auto coverage that reimburses the insured for damage sustained to their personal automobile, due to the fault of the insured driver.
( 17
min )
A media kit is a package of information a company assembles to provide reporters or other interested parties with basic information about itself.
( 21
min )
Darknet markets, or cryptomarkets, are sites on the dark web offering illicit goods that can be purchased anonymously.
( 19
min )
Here are the differences between two of the largest mutual fund families, American Funds and The Vanguard Group, and how their returns match up.
( 23
min )
An irrevocable beneficiary has guaranteed rights to assets in an insurance policy or a segregated fund.
( 23
min )
Find out which developed-market ETFs manage the greatest asset base, and why major U.S. equity-only funds are not included in the calculation.
( 19
min )
On the Nasdaq, the delisting process is set in motion when a company trades for 30 consecutive business days below the minimum bid price or market cap.
( 25
min )
Credit cards are a source of stress as balances creep up for nearly three in four (73%) consumers.
( 18
min )
The recent rising prices of online streaming entertainment services may render them equal to–or less affordable than–traditional cable or satellite packages.
( 18
min )
Beyoncé's Renaissance World Tour could make Beyoncé the highest-grossing female artist of all time. Here is how she makes her millions.
( 21
min )
Yearly renewable term plan of reinsurance transfers mortality risk from an insurer to a reinsurer through a process of cession.
( 20
min )
Negative cash flow from investing activities could be a warning sign or a sign of future growth. Here's how to tell which it is.
( 22
min )
Homeowners have many options when it comes to insurance and it's best to obtain multiple quotes on homeowners insurance before securing a new policy.
( 21
min )
Sovereign default is the failure of a government to repay its country's debts. Foreign lenders have little chance of recouping their money when a nation defaults.
( 27
min )
Sometimes identifying the best stocks to buy can be difficult, but you could do a lot worse than checking out the stocks selected by one of the world’s savviest hedge fund managers – Warren Buffett. Buffett’s stock picks are a popular source of inspiration for investors, and for good reason. His formidable stock-picking ability has given him the nickname ‘the Oracle of Omaha’ and a fortune of ~$117 billion, making him one of the richest people in the world. His firm, Berkshire Hathaway, is also
( 35
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The People's Bank of China is expected to cut interest rates on Monday, but it may have to throw caution to the wind and 'go big' if it is to soothe the nervousness and concern around China currently sweeping through financial markets. The Chinese central bank's policy decision is one of three in Asia for investors to take in this week, with the Bank of Korea and Bank Indonesia both expected to keep interest rates on hold on Thursday.
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min )
Affordability was a topic of conversation even before the pandemic, but buying a house back then looks downright pleasant in hindsight.
( 27
min )
(Bloomberg) -- For years, cryptocurrency startups have tried to replicate parts of the US stock market on the blockchain for use by digital-asset investors around the world, often without worrying too much about getting approval from regulators first. Most Read from BloombergBorrowers With $39 Billion in Student Loans Finally See ReliefPutin Turns to Ruble and Ballot to Shore Up Shaken AuthorityBond Bulls at JPMorgan, Allianz Double Down on Bet Gone BadRolls-Royce Debuts Droptail Roadster, Price
( 32
min )
Separating the financial haves from the have-nots is often more about getting these basics right, according to a McKinsey & Co. report.
( 32
min )
The Federal Reserve's Jackson Hole Economic Policy Symposium begins on Thursday. Plus, earnings from Lowe's, Nvidia, Dollar Tree, Intuit, and Ulta Beauty.
( 27
min )
Buying has become more expensive than renting for the first time in 13 years for would-be homeowners.
( 31
min )
(Bloomberg) -- Convinced a recession in the US was near, some of the world’s most prominent money managers loaded up on government bonds this year in a bold bet that would atone for the punishing losses suffered in 2022. Most Read from BloombergChina Urges More Loans, Debt Risk Reduction as Woes CompoundRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksA
( 34
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Here are the differences between two of the largest mutual fund families, American Funds and The Vanguard Group, and how their returns match up.
( 23
min )
A judge has ordered Starbucks to pay an additional $2.7 million to a former regional manager earlier awarded more than $25 million after she alleged she that and other white employees were unfairly punished after the high-profile arrests of two Black men at a Philadelphia location in 2018. In June, Shannon Phillips won $600,000 in compensatory damages and $25 million in punitive damages after a jury in New Jersey found that race was a determinative factor in Phillips’ firing, in violation of federal and state anti-discrimination laws. The Philadelphia Inquirer reports that U.S. District Judge Joel Slomsky on Wednesday also ordered Starbucks to pay Phillips another $2.73 million in lost compensation and tax damages, according to court documents.
( 32
min )
Old Dominion Freight Line’s proposal outbids rival Estes Express, stepping up the competition for a network of 169 terminals.
( 27
min )
We are a dual-income couple in our mid-50s with over $2 million in our 401(k)s. Should we "sacrifice" the pre-tax benefit and switch to Roth contributions at work? -Wendy Like most tax-related questions, the answer is "it depends." Based on … Continue reading → The post Ask an Advisor: We're in Our Mid-50s and Have $2 Million in Our 401(k)s. Should We Pivot to Roth Contributions? appeared first on SmartAsset Blog.
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Conventional wisdom dictates that a US recession is imminent, either during the second half of this year or the first half of the next. But just how much should we credit that? While there are economic headwinds in play, we should also remember that the pace of inflation is easing, unemployment remains low, and the second quarter earnings season showed a high proportion of surprises to the upside. If it’s not a completely rosy picture, it’s far from doom and gloom. And in the eyes of Goldman Sac
( 35
min )
Chris Miller shares how he saved enough money to retire early and his best advice for those looking to do the same.
( 33
min )
(Bloomberg) -- Equity traders reeling from the market’s worst stretch since February face some pivotal events in the days ahead, and a closely watched speech by Federal Reserve Chair Jerome Powell may not even be the biggest test of all.Most Read from BloombergRolls-Royce Debuts Droptail Roadster, Priced at Over $30 MillionChina Urges More Loans, Debt Risk Reduction as Woes CompoundUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksRussia’s Luna-25 Lander Fails to Enter Pre-Landing
( 33
min )
“If I wanted to work long hours, I’d be at a startup,” the twenty-something says.
( 35
min )
Generation Investment, chaired by former Vice President Al Gore, bought Applied Materials stock, and sold Salesforce, Mastercard, and Schwab stock in the second quarter.
( 27
min )
The chip maker’s rosy forecast lifted markets in a turbulent time—but the bar to dazzle investors is higher now.
( 27
min )
Energy stocks are up big recently. In July alone, the Energy Select Sector SPDR Fund (XLE) gained 7.8%.
( 32
min )
Adobe, Inc. (ADBE) shares have jumped 51% in 2023. This uptrend is being powered by mega appetite for the stock.
( 31
min )
California regulators have made investing in solar power less attractive. But if you're the typical energy user, it still makes long-term financial sense to do so.
( 41
min )
Higher productivity and increased deficits could raise the ‘neutral’ rate of interest, limiting Fed cuts.
( 26
min )
Bond investors say the summer selloff in U.S. Treasury debt is providing the best buying opportunity in years.
( 34
min )
‘Big Short’ hero Michael Burry sees disaster and—eventually—he’ll get it right again.
( 25
min )
Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast makes a splash in its market debut; Tesla cuts prices in China; and Mullen continues to fight delisting.
( 33
min )
Affordability was a topic of conversation even before the pandemic, but buying a house back then looks downright pleasant in hindsight.
( 27
min )
The latest reading, 5.8%, set off alarm bells in some quarters. But the model estimate is likely to be revised sharply lower as new data are reported.
( 26
min )
Mitra Chem has landed a heavy hitting partner as it tries to get its tech in more electric vehicles.
( 13
min )
The opening will test a new format that the Swedish furniture company is rolling out globally—a pared-back store aimed at casual shoppers and office workers.
( 22
min )
(Bloomberg) -- At any other time in history, the current state of the global diesel market would have sent some countries into a panic. Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBiden’s Top Lawyer to Depart White House as Probes Ramp UpBiden Wants to Sell His Economic Plan to Voters. He Faces One Big ProblemBama Rush Has Students Showcasing $20,000 Outfits on TikTokAll over the world, pric
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min )
Dynasty trusts can shield wealth before the Trump tax cuts expire.
( 21
min )
As companies are shifting their sourcing and logistics networks, it is changing the way transportation providers will have to manage their own businesses. The post Border town boom is realigning the freight market appeared first on FreightWaves.
( 32
min )
Bedrijven in de industrie kregen in het tweede kwartaal een stevige omzetdaling voor de kiezen. De inkomsten daalden gemiddeld met 7,5 procent, de grootste daling sinds coronajaar 2020. Dat meldt statistiekbureau CBS.
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min )
Britse politieagenten kunnen voortaan tijdens het werk een gratis kop koffie halen bij winkelketens John Lewis en Waitrose. Zo hopen de ketens politie richting winkels te lokken en winkeldieven af te schrikken. De agenten moeten wel herbruikbare bekers meenemen.
( 3
min )
De mobiele app van supermarktketen Albert Heijn werkt weer. Eerder op zondag hadden appgebruikers last van een storing, waardoor de Bonuskaart niet goed functioneerde. Die storing is inmiddels voorbij.
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min )
Klanten van Albert Heijn kunnen last hebben van een technische storing in de mobiele app van de supermarktketen. Een aantal functies werkt daardoor niet, zegt een woordvoerder van Albert Heijn.
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min )
De Italiaanse nationale spoorwegmaatschappij FS wil de concurrentiestrijd aangaan op het Europese spoor. Het spoorbedrijf wil ook trajecten uitzetten richting Amsterdam.
( 3
min )
De persoonsgegevens van bijna 76.000 medewerkers van de elektrische autofabrikant Tesla zijn gelekt naar de Duitse zakenkrant Handelsblatt.
( 3
min )
Corporate reimbursement coverage protects a company against losses resulting from legal action against its directors and officers.
( 19
min )
Cryptographic hash functions combine message-passing capabilities with security properties. It is used in many applications, from database security to cryptocurrency.
( 21
min )
Bank-owned life insurance (BOLI) is bought by banks as a tax shelter, leveraging tax-free savings provisions to fund employee benefits.
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min )
A surplus share treaty is reinsurance in which the ceding insurer retains a fixed amount of liability and the reinsurer takes the remaining liability.
( 19
min )
Here's a look at some of the positive and negative aspects of national lotteries.
( 25
min )
The student loan system is in desperate need of reform as graduates struggle to find work and pay off their student loans. Learn about changes that can help.
( 24
min )
Learn about the elements of the capital asset pricing model, and discover how to calculate a company's cost of equity financing with this formula.
( 21
min )
Lenders charge borrowers a commitment fee as compensation for keeping a line of credit open or to guarantee a loan at a specific date in the future.
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min )
Traders rejoice when the Fed drops the rate, but is it good news for all? Find out here.
( 24
min )
A bank reconciliation statement summarizes banking activity, allowing individuals and companies to compare their own records with the bank’s records.
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min )
This rate is rarely questioned—unless the economy falls into disarray.
( 22
min )
Some businesses are slowing capital expenditures and pulling back on taking out credit as a result of the Federal Reserve's cycle of rate hikes—showing all may be going according to policymakers' plans to slow inflation.
( 17
min )
The real GDP number is adjusted to remove the effects of inflation, so it is a more accurate gauge of the nation's real output of goods and services.
( 24
min )
Learn more about passive, quasi-passive, immunization, and active bond strategies and how you can put them to work for your portfolio.
( 24
min )
Find out how price inelasticity of demand shows the relationship between demand and price when the price of an inelastic good is either lowered or raised.
( 23
min )
China has long had an outsized impact on global growth - but with its economy sputtering, its problems could become everyone else's problems.
( 33
min )
(Bloomberg) -- The highest long-term Treasury yields in years are headed for a major hearing next week as investors place their bids for two risky auctions — right before the Federal Reserve’s potentially game-changing annual gathering at Jackson Hole.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBiden’s Top Lawyer to Depart White House as Probes Ramp UpCohn and Summers Talk Trump, China and M
( 32
min )
One of the most challenging parts of investing is deciding what to do when the companies you own are doing well but the share prices reflect a different scenario. Wall Street is often forward looking, so it's quick to react to news that will affect companies six or more months down the road. This has been evident the last few days for real estate investment trusts (REITs), as the Federal Reserve continues to talk tough on inflation and traders wonder what the effects will be on commercial proper
( 35
min )
Cuban balked at Uber’s cofounder valuing the startup at $10 million.
( 32
min )
Lawsuit accuses website of deception as it allows travelers to book typically cheaper connecting flight and get off after first leg
( 31
min )
A court filing shows that Old Dominion swooped in at the last minute, entering a base bid of $1.5 billion for now-defunct Yellow’s terminals. The post Old Dominion ups ante with $1.5B bid on Yellow’s terminals appeared first on FreightWaves.
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min )
Here is your Pro Recap of 5 head-turning deal dispatches you may have missed last week: ArcelorMittal considers acquiring US Steel, Intel and Tower Semiconductor terminate the acquisition, Arena Group announces strategic expansion with Bridge Media Networks, and merger deals at Energy Transfer and Crestwood Equity, and Ball’s aerospace business and BAE Systems. InvestingPro subscribers got this news first.
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Short-term Treasury bills, which yield more than 5.4%, still look like an investor’s better income bet.
( 27
min )
With the company’s market value having plunged nearly $300 billion since its July 2021 peak, CEO Dan Schulman is relinquishing the reins after nine years.
( 29
min )
We gained additional income and didn't withhold enough on our Form W-4. We are currently not putting money into a retirement account but have access to a 401(k) through our employer. Would we be able to correct our withholding deficit … Continue reading → The post Ask An Advisor: What Midyear Moves Will Cut Our Tax Bill? appeared first on SmartAsset Blog.
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As a financial advisor, you may dedicate a lot of your time to helping clients create a workable retirement plan. However, it's also important to consider what your personal exit strategy might look like once you're ready to retire. Succession … Continue reading → The post Succession Planning Tips for Financial Advisors appeared first on SmartAsset Blog.
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Entrepreneur Roberto Colaninno, chairman and CEO of scooter maker Piaggio and one of Italy's best-known dealmakers, has died, his investment company IMMSI said on Saturday. Colaninno was a central figure in the country's industrial landscape who managed to turn around a number of failing companies, but also left a mixed corporate legacy. He is most famous for his surprise $58 billion leveraged buyout of Telecom Italia in 1999, at the time the world's largest hostile takeover.
( 32
min )
In the past two years, those receiving Social Security have seen large cost-of-living adjustments that can help. Many wonder what's next in 2024?
( 35
min )
Yields are close to their highest level in years. Investors can bolster portfolios with bonds with the potential for both high income and capital gains.
( 26
min )
For the first time in years, investors are earning robust returns on cash.
( 27
min )
The Danish self-starter convinced her McKinsey colleagues to toss in the towel on their consultancy careers and launch a business together in 2007. Now she’s the CEO of the fastest-growing sustainable food app.
( 34
min )
(Bloomberg) -- At the start, the job looked like a well-paid role in finance. It ended with a $10,000-a-month drug habit and a cell in a German prison.Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself on Avoiding a RecessionBig Tech Logs Year’s Longest Weekly Losing Streak: Markets WrapThat’s the sto
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Learn more about passive, quasi-passive, immunization, and active bond strategies and how you can put them to work for your portfolio.
( 24
min )
The S&P 500 and Nasdaq Composite both notched their third consecutive week of declines.
( 31
min )
Millions of shoppers agree: It’s OK to eat supermarket sushi. At U.S. retailers, sales are up over 70% in the past year.
( 21
min )
James Bouchard grew up around steel and deal making; ‘We have the cash,’ he says of his $7.8 billion surprise bid.
( 29
min )
(Bloomberg) -- From the financial crisis to Russia’s invasion of Ukraine, Britain has borrowed and spent its way out of every jam. The bill for that is becoming a worry all its own. Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksMercedes-Benz Unveils the New Generation of Its Brawny AMG GT Sports CarRussia’s Luna-25 Lander Fails to Enter Pre-Landing Orbit of MoonVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkRolls-Royce Debuts Droptail Road
( 34
min )
The Arizona layoffs at CVS come after the health giant announced plans to cut 5,000 corporate jobs across the company. #phoenix $CVS
( 11
min )
Nederland huisvest een van de grootste internetknooppunten ter wereld en is een draaischijf in de digitale wereldeconomie. We zijn daardoor een goede vestigingslocatie voor internetbedrijven met hun datacenters. Die koppositie kost veel energie, maar volgens de datacenters is dat gelukkig meestal groene.
( 4
min )
Het Russische besluit om weg te lopen bij onderhandelingen over de graandeal raakt de Oekraïense economie. In de eerste maand na het klappen van de deal exporteerde het land een derde minder graan.
( 4
min )
Het is binnenkort niet meer mogelijk om accounts te blokkeren op het socialemediaplatform X (voorheen Twitter). Het zou nog wel mogelijk zijn om privéberichtjes tegen te houden.
( 4
min )
Al wekenlang is het onrustig rondom koopjesketen Big Bazar. Rekeningen worden niet betaald, winkels gaan dicht en verhuurders stappen naar de rechter. Wat is er aan de hand met de discounter?
( 4
min )
Komend studiejaar keert de basisbeurs weer terug, maar een vetpot is het niet. Studenten balen ervan dat de basisbeurs nog lager is dan die van voor het leenstelsel. Maar volgens deskundigen is het helemaal niet de bedoeling dat een studiebeurs alle kosten van studenten dekt.
( 7
min )
Learn what current liabilities are, and find out how to calculate total current liabilities in Microsoft Excel.
( 17
min )
Coming up next week: retail earnings, updates on home sales, and the Jackson Hole Economic Symposium.
( 19
min )
Credit cards can be one of the major influences on your credit score, and how you use them can either help your score or hurt it. Here is what you need to know.
( 23
min )
Find out how involuntary unemployment credit card insurance (IUCC) can cover your minimum payments if you're laid off and whether it is worth the cost.
( 23
min )
Learn what this phrase means and how to spot it in a company's financial statements.
( 20
min )
Today's CDs allow you to lock in a record rate—up to 5.75%—for months or years down the road when savings account rates inevitably drop. Is now a good time for a CD?
( 18
min )
Proof of elapsed time (PoET) consensus algorithm follows a true lottery system and allows for more efficient use of the blockchain network's resources.
( 22
min )
Non-qualified deferred compensation plans can allow top-earning employees to delay taxes on their earnings, using life insurance for funding. Here's how this strategy works.
( 21
min )
Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 19
min )
The S&P 500 ticked down just 0.01% and was little changed on Friday, Aug. 18, 2023, closing out a week of losses after mixed reactions to the latest earnings reports.
( 16
min )
A revoked IRA is a retirement savings account that is canceled by the account holder seven days or less after it was established.
( 23
min )
Bitcoin Pizza Day: the day Laszlo Hanyecz bought two pizzas for 10,000 Bitcoins.
( 17
min )
A franchisee is a small business owner who purchases the right to use an existing business's trademarks, brands, and proprietary knowledge.
( 22
min )
Life insurance carriers offer two main benefits to insured individuals when a transfer of risk occurs: death benefit proceeds and cash value savings.
( 20
min )
A Merkle root contains information about every single transaction hash that ever was on a particular block in a blockchain.
( 19
min )
Off-chain transactions occur outside of the blockchain network and provide a low-cost, instant transaction medium for the cryptocurrency.
( 18
min )
Here are step-by-step instructions for filing a reimbursement claim for insurance on your pet.
( 22
min )
Admitted insurance is purchased from an insurance company that has been formally admitted or licensed to operate by the state insurance agency.
( 18
min )
Cryptocurrency regulation is still spotty or nonexistent but there are some potential pitfalls that investors should watch out for.
( 23
min )
In aggregate stop-loss reinsurance, losses over a specified amount during the contract period are covered by the reinsurer and not by the insurer.
( 18
min )
With the plethora of digital currency exchanges, how can an investor choose the right one? Take the steps to find the best exchange for your crypto needs.
( 24
min )
Concurrent causation is a legal doctrine related to losses from more than one cause, and when one has coverage and the other does not.
( 19
min )
Maintenance expenses are costs incurred to keep an item in good condition. Apartments, homes, and condominiums have expenses, but who pays them?
( 19
min )
Ross, TJX, and other off-price retailers have benefited from strong inventories of premium products and discounted prices.
( 19
min )
U.S. equities were mixed at midday on Friday, Aug. 18, 2023, amid concerns about China’s property market after Chinese real estate giant Evergrande filed for Chapter 15 bankruptcy protection.
( 16
min )
Chip tool maker Applied Materials reported sales that beat forecasts and raised its guidance on demand for AI chips.
( 17
min )
Litecoin (LTC) is a cryptocurrency that shares features with Bitcoin but runs a different mining algorithm. It also has a higher coin supply and lower transaction costs.
( 24
min )
In recent earnings calls, some leaders said they expected a recession, while others said the economy was still resilient.
( 20
min )
Chinese automaker Xpeng saw its shares slide after a record quarterly loss, driven by increased competition and margin deterioration.
( 17
min )
Rates on 30-year mortgages climbed to again hit their highest level since 2002. Rates were up on almost every loan type, including a new record for the jumbo 30-year average.
( 22
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 20-year mortgage rates, all collected here.
( 24
min )
The right mortgage can make your dream of owning a home a reality. We researched and collected the best 15-year loan offers.
( 27
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 10-year mortgage rates, all collected here.
( 26
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best jumbo mortgage rates, all collected here.
( 30
min )
The right mortgage can make your dream of owning a home a reality. We researched and reviewed the best 30-year mortgage rates, all collected here.
( 18
min )
Compare mortgage refinance rates across 18 different products, from 30-Year Fixed to 5/6 ARMs and everything in between.
( 18
min )
While entertaining multiple offers for financing, bankrupt trucking company Yellow has accepted Estes Express's $1.3 billion stalking horse bid for its shipment centers.
( 18
min )
Fueling fears of a deepening property crisis in China, Evergrande filed for Chapter 15 bankruptcy protection to manage its debt under its massive restructuring process.
( 18
min )
MiFID II is a European Union packet of financial industry reform legislation, instituted to regulate financial markets that replace MiFID.
( 21
min )
An Anderson Economic Group report shows that a 10-day United Auto Workers strike could hit the economy harder than past strikes due to lower inventory levels.
( 19
min )
A board of directors (BofD) is the governing body of a company that is elected by shareholders to provide guidance, set strategy, and oversee management.
( 26
min )
A treasury bond is a marketable, fixed-interest U.S. government debt security with a maturity of more than 10 years and which pays periodic interest payments.
( 25
min )
Everything you need to know about homeowners insurance, from what it covers to how rates are determined.
( 30
min )
Financial exposure is the amount that an investor can potentially lose in an investment and is an alternate name for financial risk.
( 21
min )
Trading commodities can seem challenging to a novice trader. We break down how to invest in them.
( 26
min )
An excess judgment loss is the additional amount that an insurer must pay above the policy limit.
( 19
min )
Bazooka Candy Brands, maker of the popular bubblegum, has been sold for $700 million to a private equity firm.
( 30
min )
Around $400 billion of debt assets are considered to be in "pre-distress," while $150 billion are "deeply distressed," Bank of America said.
( 33
min )
With the yield on the 10-year U.S. Treasury note hitting 4.25%, stocks have competition from bonds in a way they haven’t for a decade and a half.
( 40
min )
If retail inflation gets stuck around 3%, as seems increasingly likely, interest rates will continue to rise. That’s bad news for investors.
( 27
min )
Following the market’s opinion about fashionable footwear leads a longtime New Balance wearer to Swiss sneaker maker On Holding.
( 27
min )
(Bloomberg) -- Cybersecurity firm Palo Alto Networks Inc. surged after projecting stronger billings for the year than Wall Street anticipated, easing fears that a slowdown in demand may weigh on results. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBitcoin Calm Shatters With Sudden Tumble, Mass Liquidations‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateBig Tech Logs Year’s Longes
( 32
min )
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Today's CDs allow you to lock in a record rate—up to 5.75%—for months or years down the road when savings account rates inevitably drop. Is now a good time for a CD?
( 20
min )
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Today's best CD rates are 5.75% APY from MapleMark Bank for 1 year, 5.65% APY from Dow Credit Union for 3 months, and 5.56% APY from TotalDirectBank.
( 21
min )
Here are some of the major companies whose stocks moved on the week’s news.
( 26
min )
Moderna and BioNTech are no longer minting money from Covid vaccines. But both have strong drug pipelines and plenty of cash.
( 26
min )
The company's profit guidance for the quarter and fiscal 2024 topped analyst forecasts. The revenue outlook came in light.
( 26
min )
The owner of Peet’s Coffee is renaming a major brand, rejiggering supply chains and hitting back at those who say it should exit the country.
( 26
min )
Utilities are supposed to be a staid investment.
( 27
min )
(Bloomberg) -- Sacks Parente Golf Inc. ended its first week of trading lower, just days after notching the best debut of an initial public offering on a US stock exchange this year.Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkGlobal Stock Managers on Guard as China Pain Set to SpreadChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself on Avoiding
( 32
min )
(Bloomberg) -- Hawaiian Electric Industries Inc. shares notch the worst weekly drop in at least four decades on concern it may be responsible for the fires that ravaged the island of Maui, with Wells Fargo’s analyst warning the possible liabilities could be large enough to wipe out the value of its utility arm. Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble
( 32
min )
(Bloomberg) -- Volatility in the world’s biggest bond market has finally caught the attention of investors on Wall Street who’ve been plunging into stocks all year. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself on Avoiding a Recession‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to Proliferate
( 34
min )
Cleveland-Cliffs Inc. rocked the steel and investing worlds on Sunday with its nearly $8 billion offer to acquire United States Steel Corp.
( 11
min )
“We have no choice, we have to sell. As a matter of fact, I just put my house on the market 10 minutes ago,” one resident told NBC6.
( 31
min )
“It's almost guaranteed to be wrong," the GMO co-founder told Bloomberg of the Fed's soft landing forecast Thursday. "They have never called a recession."
( 32
min )
(Bloomberg) -- The expanding supply of Treasury debt, while driving yields to the highest levels of the year, is also aggravating a shortage of five-year notes in advance of the next auction. Most Read from BloombergVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkGlobal Stock Managers on Guard as China Pain Set to SpreadChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkBitcoin Calm Shatters With Sudden Tumble, Mass LiquidationsJeremy Grantham Says Fed Is Kidding Itself o
( 31
min )
Investors should take note any time a money manager with more than $7 trillion in assets does something new.
( 27
min )
American oil producers have fewer rigs actively drilling than at any point since the first days of the Ukraine war, suggesting they are pessimistic about prices.
U.S. drillers had 520 rigs up and running this
( 22
min )
The team includes top-ranked advisor Leslie Lauer.
( 26
min )
For decades, the U.S. dollar has held the esteemed position as the world's primary reserve currency. But according to Lynette Zang, chief market analyst for ITM Trading, this longstanding dominance is on shaky ground. "The days of the dollar being the world reserve currency are fast coming to a close," she said in a recent interview with Stansberry Research. Zang explained that the shift began back in 2002 when the Federal Reserve "first had to buy" U.S. debt. This act suggested that the world w
( 32
min )
It must have sounded like a good idea at the time, but Anheuser-Busch’s (NYSE:BUD) decision to run a promotional campaign for its Bud Light beer with the help of transgender ‘influencer’ Dylan Mulvaney backfired spectacularly. Conservative America did not like that idea at all, and decided to boycott the drink, thereby no longer making it the US’s best-selling beer. As sales plummeted in the wake of the controversy, BUD shares went into a tailspin, falling by 20% in May with the company also lay
( 32
min )
US Treasury prices have tanked in 2023, with investors fretting about the Federal Reserve's interest-rate hikes.
( 30
min )
Wall Street is betting that the proration will be about 30%, meaning that participating J&J holders will get 30% of their stock converted into Kenvue.
( 37
min )
“About a third of homebuilders in Florida are saying that buyers’ concerns about insurance availability and costs are somewhat slowing sales.”
( 33
min )
"The financial impact associated with the partial termination of the Blue Shield of California contract is not expected to have an impact to our previously issued 2023 guidance and is expected to have an immaterial impact on our longer-term outlook," CVS said
( 9
min )
Broadcom and Marvell Technology will win big time from custom chip design, according to analyst Harlan Sur.
( 34
min )
(Bloomberg) -- Citigroup Inc. has bought about $160 million of Russian aluminum from the London Metal Exchange, something many banks have refused to touch since the invasion of Ukraine.Most Read from BloombergUS Consumers Near Day of Reckoning as Pandemic Cash Stash ShrinksVietnam Tycoon Loses $18 Billion After EV Maker’s Shares SinkBiden’s Top Lawyer to Depart White House as Probes Ramp UpBiden Wants to Sell His Economic Plan to Voters. He Faces One Big ProblemCohn and Summers Talk Trump, China
( 32
min )
The devil is in the details. Investors shouldn't forget about some rights the United Steelworkers union has at United States Steel.
( 26
min )
The latest Apple iPhone models are expected to include relatively modest upgrades, but bulls still expect strong demand.
( 26
min )
Wedbush analyst Matt Bryson said he expects the chipmaker to to beat expectations and offer a “robust forward outlook,” when it reports Wednesday.
( 26
min )
If you qualify to participate in a non-qualified deferred compensation (NQDC) plan, you may want to pay attention closely. These accounts can offer high-earners who have maxed out their traditional retirement savings options an appealing opportunity to set aside a substantial portion of their income and invest it on a tax-deferred basis. In a new […] The post This Little-Known Account Can Help High Earners Accumulate Wealth appeared first on SmartReads by SmartAsset.
( 32
min )
Meta managers will be tracking whether employees are sticking with its return-to-office policy.
( 10
min )
(Bloomberg) -- Edward Yardeni, the economist who coined the term “bond vigilantes” during the 1980s and has regularly predicted their return to the investment landscape ever since, said they’re “saddling up.”Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyChina’s Hidden Financial Dangers Erupt With Shadow Bank CrisisNiger Soldie
( 32
min )
A California regulator has halted a plan for Medical Properties Trust to take a stake in a struggling hospital chain’s business.
( 28
min )
The shares were down 1.1% in early trading, putting them on pace to drop for a sixth consecutive day.
( 27
min )
Hawaiian Electric upgraded, CVS downgraded: Wall Street's top analyst calls
( 33
min )
The U.S. Federal Reserve is likely done raising interest rates, according to a strong majority of economists polled by Reuters, and a slight majority now expect the central bank to wait at least through end-March before cutting them. A 90% majority, 99 of 110 economists, polled Aug 14-18 say the Fed will keep the federal funds rate in the 5.25-5.50% range at its September meeting, in line with market pricing. After raising rates by 25 basis points last month, Fed Chair Jerome Powell kept options open for whether there would be a hike or a pause at the September meeting.
( 33
min )
KeyBanc Capital Markets analysts downgraded shares of the e-commerce company for luxury fashion to Sector Weight from Overweight.
( 26
min )
A symbol of China's property crisis filed for Chapter 15 bankruptcy protection. Troubles continue at other developers—and in the financial system.
( 27
min )
Deere reports fiscal third-quarter earnings of $10.20 a share. Wall Street was looking for $8.22.
( 26
min )
While the summer months are proving to be less lucrative for stock market participants, the overall trend this year has been up. The reason for the rally has been primarily down to AI hype, with various cultural commentators predicting this tech’s impact could be as big as that of the Industrial Revolution. But not all are quite as hyperbolic. There are grumblings on Wall Street that we are now entering an AI-driven bubble, with some prominent market watchers claiming the rally might not be sust
( 34
min )
Ratings agency Moody's Investors Service earlier in the day downgraded the company's stock to junk status. Hawaiian shares have lost more than half of its value since the Aug. 8 wildfires that destroyed the coastal Maui town of Lahaina and killed at least 110 people. The company did not clearly outline the purpose for which it was seeking expert advice.
( 31
min )
Advance Auto Parts could run like a dream again with a new CEO.
( 25
min )
Investing.com -- VinFast Auto (NASDAQ:VFS) shares tumbled for a third straight session in early U.S. trading on Friday, representing another step down from an eye-popping surge in the Vietnamese electric vehicle maker's stock after its debut on the Nasdaq on Tuesday.
( 31
min )
Deere & Co raised its annual profit forecast on Friday as demand for large farm tractors remains robust, while easing supply chain bottlenecks lower manufacturing costs. The Moline, Illinois-based company has also seen high demand for its construction equipment, as the United States upgrades roads, railways and other transportation infrastructure under the Joe Biden administration's $1 trillion package approved by the Senate in 2021. Deere, a barometer for the global economy, has maintained resilient operating profit margins, despite global market volatility.
( 31
min )
(Bloomberg) -- Deere & Co. lifted its financial outlook for the year as machinery demand from farmers remained robust despite slumping crop prices.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildThe world’s top
( 31
min )
Elon Musk's SpaceX has written down the value of its crypto holdings and sold Bitcoin, The Wall Street Journal reports.
( 26
min )
(Bloomberg) -- Steve Cohen is contesting an Internal Revenue Service campaign to compel hundreds of money managers — including his Point72 Asset Management — to pay self-employment taxes on a main source of earnings.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal
( 32
min )
Secret Ford meetings prep white-collar workers to work in parts depots if the UAW goes on strike. "This is the little bit Ford can do," analyst says.
( 36
min )
Applied Materials reports earnings and issues a forecast better than analysts' expectations, Keysight stock falls after a weaker-than-expected fiscal fourth-quarter outlook, and Farfetch slumps after a quarterly sales miss. Meanwhile, Deere, XPeng, and Palo Alto Networks are scheduled to report earnings Friday.
( 27
min )
(Bloomberg) -- Chinese authorities have stepped up efforts in recent days to bolster the financial market in a sign that Beijing is growing uncomfortable with the pace of declines in stocks and the yuan. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reac
( 32
min )
Shares of the power-generator maker are down 56% over the past year, and 35% since Barron’s recommended buying them last fall.
( 26
min )
Bitcoin prices fell suddenly late on Thursday amid reports of hundreds of millions in sales, triggering a bloodbath across futures and spot markets.
( 33
min )
(Bloomberg) -- After an astronomical rise in its first day of trading, VinFast Auto Ltd. is now coming back to Earth — erasing a chunk of its billionaire founder’s fortune.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Wor
( 30
min )
(Bloomberg) -- Cryptocurrencies extended declines, sliding with global risk assets as investors price in higher interest rates for longer. A report of Elon Musk’s SpaceX selling Bitcoin holdings added to the concerns. Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlob
( 31
min )
Late-night announcement is the latest in the drama for the control of United States Steel Corp.
( 11
min )
(Bloomberg) -- Bets on long-dated Treasuries have backfired as the US economy holds firm, but payday is coming for those who are brave enough to stick to their guns.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries Bu
( 32
min )
Bitcoin traded at around US$26,800 on Thursday morning in Asia after hitting a two-month low of around US$25,400. Ether fell below US$17,000.
( 33
min )
Het moederbedrijf van Douwe Egberts en Pickwick, JDE Peet's, peinst er niet over om zich terug te trekken uit Rusland. Dat zegt topman Fabien Simon in een interview met The Wall Street Journal. Veel bedrijven hebben zich teruggetrokken uit Rusland wegens de inval van Rusland in Oekraïne.
( 4
min )
Specsavers stopt na nog geen jaar met zijn drie winkels in België. Dat laat de opticien- en audicienketen vrijdag weten op zijn website.
( 3
min )
De economie van eurolanden zal in de komende jaren blijven groeien en het is onwaarschijnlijk dat die in een diepe of lange recessie zal belanden. Dat zegt bestuurder Philip Lane van de Europese Centrale Bank.
( 4
min )
De aandelenkoers van betaalverwerker Adyen daalt vrijdag verder naar de laagste koers sinds april 2020. Dit na een dramatische koersval donderdag. Toen verloor Adyen door een koersdaling van bijna 40 procent in een dag bijna 19 miljard euro aan beurswaarde.
( 4
min )
Het lijstje van bedrijven dat het faillissement van Big Bazar aanvraagt wordt steeds langer. Het beursgenoteerde vastgoedbedrijf Wereldhave is nu ook naar de rechter gestapt om de koopjesketen failliet te laten verklaren.
( 3
min )
De aandelenkoers van betaalverwerker Adyen daalt vrijdag verder. Dit na een dramatische koersval donderdag op de Amsterdamse beurs. Toen werd Adyen door een koersverlies van bijna 40 procent in een dag 19 miljard euro minder waard op de beurs.
( 3
min )
Schiphol schaft dertig nieuwe tilhulpen aan om bagagesjouwers te ontlasten. Eerder werden ook al negentien robots ingezet na scherpe kritiek van de Arbeidsinspectie.
( 3
min )
De bitcoin is in een dag tijd abrupt met ongeveer 8 procent in waarde gedaald. De koers ging van ruim 26.000 euro donderdagochtend naar ruim 24.000 euro vrijdagochtend. Die waardedaling volgt op het nieuws dat SpaceX zijn bezittingen in bitcoins heeft afgewaardeerd.
( 3
min )
Nederland zit momenteel in een recessie, maakte statistiekbureau CBS woensdag bekend. Dat komt onder andere doordat huishoudens zuiniger leven. Wij vroegen jullie daarom hoe jullie de kosten van boodschappen laag houden. Op ons reactieplatform NUjij deelden lezers hun tips.
( 4
min )
Energiebedrijf Vandebron gaat eigenaren van zonnepanelen laten betalen voor het terugleveren van stroom aan het netwerk. Op ons reactieplatform NUjij zijn daar veel vragen over gesteld. Ben Woldring, eigenaar van energievergelijkingswebsite Gaslicht.com, geeft antwoord op de beste en meestgestelde vragen.
( 5
min )
In een rechtszaak waarbij een grondhandelaar op een dwingende manier lappen landbouwgrond verkocht aan een particulier, vindt de rechter dat er meer financieel toezicht moet komen op deze praktijken. De handel in grond is voor kopers namelijk zeer risicovol.
( 5
min )
In Nederland rijden er nu 1 miljoen bestelauto's rond. Dat blijkt uit cijfers van de RDW (Rijksdienst voor het Wegverkeer) waar het AD over schrijft. Dit jaar zijn er al 53.000 nieuwe auto's geregistreerd. Dit zijn vooral busjes van het merk Volkswagen.
( 3
min )
Nederland zit momenteel in een recessie, maakte statistiekbureau CBS woensdag bekend. Dat komt onder andere doordat huishoudens zuiniger leven. Wij vroegen jullie daarom hoe jullie de kosten van boodschappen laag houden. Op ons reactieplatform NUjij deelden lezers hun tips.
( 4
min )
AI has become the new ‘shiny object,’ attracting investors’ attention. The rush began this past November when OpenAI’s ChatGPT made its debut, demonstrating in the clearest possible way how AI can change the ways computers use the data they collect and the ways we interact with them. The sudden interest in AI has had a spiraling effect. Investors are seeking companies with greater exposure to AI, while tech firms are eager to publicize their own AI links and offerings. Keeping a close watch on t
( 35
min )
(Bloomberg) -- All around the world, bond traders are finally coming to the sobering realization that the rock-bottom yields of recent history might be gone for good. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildChina Evergrande Group Files Chapter 15 Bankruptcy in New YorkKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesTh
( 34
min )
(Bloomberg) -- Applied Materials Inc., the largest US maker of chipmaking machinery, gave a bullish forecast for the current quarter, indicating that an industry slump may be fading.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More HikesKen Griffin Reshaped Law Banning Chinese Real Est
( 32
min )
According to billionaire entrepreneur Mark Cuban, taking a different approach when launching a business can lead to more success than relying on raising capital. During a recent Southby Southwest (SXSW) panel discussion, Cuban emphasized the value of starting a business “with as little money as possible” and bootstrapping it as much as you can. In the session titled Unleashing the Entrepreneur In Everybody, Cuban provided some insight on raising capital. Don’t Miss: The biggest disruption to sma
( 32
min )
(Bloomberg) -- China Evergrande Group sought Chapter 15 bankruptcy protection in New York on Thursday, court papers show. Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More HikesKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesChapter 15 bankruptcy protects company’s US ass
( 31
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For the quarter that ended in June, Wall Street expects XPeng to report a per-share loss of 31 cents from sales of $707 million. A year ago, XPeng reported a 46-cent loss from $1.1. billion in sales.
( 26
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Today's best CD rates are 5.76% from Connexus Credit Union for 1 year, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 21
min )
The Vietnamese electric-car company has flip-flopped on strategy and recalled vehicles.
( 27
min )
In a case last month, a federal judge decided that most sales of a token called XRP didn't qualify as securities transactions.
( 26
min )
(Bloomberg) -- The fresh boom in stock options that expire within 24 hours has grabbed all the attention on Wall Street trading desks — spurring a Goldman Sachs Group Inc. warning that the activity is fueling the recent market selloff.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGlobal Yields Reach 15-Year Highs as Rate-Hike Worries BuildNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysFed Saw ‘Significant’ Inflation Risk That May Merit More H
( 33
min )
(Bloomberg) -- Broadcom Inc. has secured up to $28.4 billion in new debt commitments to fund its purchase of VMware Inc. and replace a shorter-term loan it had snagged as it awaits regulatory approval for the deal.Most Read from BloombergChina Evergrande Group Files Chapter 15 Bankruptcy in New York‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateGoldman Plans Hiring Spree to Fix Lapses After Increased Fed ScrutinyNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysGlobal Y
( 32
min )
I am selling my house and the price is $504,999. After paying off this house I will net $400,000. Do I have to pay a capital gains tax as I’m planning to pay off my retirement home with the money I netted? – Thomas The answer is solidly "it depends," both in terms of whether […] The post AAA: I’m Selling My House and Netting $400k to ‘Pay Off My Retirement Home.’ Do I Have to Pay Capital Gains Tax? appeared first on SmartReads by SmartAsset.
( 33
min )
Who owns the most U.S. Steel and Cleveland-Cliffs stock?
( 11
min )
Jefferies analyst Mark Lipacis analyzed the June data for the six top cloud-based service providers and found that Nvidia gained market share over the past year.
( 26
min )
AMC Entertainment Holdings Inc. (NYSE:AMC) was one of the hottest meme stocks in 2021. Now, it's facing a stark reality. On Monday, AMC shares plummeted 35%. Investors were concerned about dilution following Friday's court approval of a settlement that would allow the company to convert its preferred equity units into common shares. This significant movement in the stock caught the attention of legendary investor Bill Gross, known widely as the Bond King. "Another Meme bites the dust — AMC," he
( 33
min )
SpaceX did not immediately respond to a Reuters request for comment. The space company, which was founded more than two decades ago, was valued at roughly $150 billion at a recent employee stock sale, putting its valuation on par with that of Intel or Walt Disney , the Journal reported. In 2022, revenue doubled to $4.6 billion, helping the company reduce its loss last year to $559 million from $968 million, the WSJ reported.
( 30
min )
(Bloomberg) -- Trucking firm Estes Express Lines has struck a $1.3 billion deal to acquire all of Yellow Corp.’s terminals out of bankruptcy, an offer that’s subject to higher bids should any materialize in the coming weeks.Most Read from Bloomberg‘Poor Man’s Cocaine’ Costing $3 a Pill Threatens to ProliferateFed Saw ‘Significant’ Inflation Risk That May Merit More HikesNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGloba
( 30
min )
Americans will burn through all their pandemic savings by the end of September, according to estimates by the Federal Reserve.
( 31
min )
United States Steel Corp. released more details Thursday on its obligations under its basic labor agreement with United Steelworkers on the union’s role in any plant or corporate transaction.
( 10
min )
Retirement account balances are roaring back after 2022's dismal performance.
( 32
min )
The two companies failed to reach a deal by Oct. 26, 2022, as decided earlier, and now Tesla would take "all available legal remedies" unless the parties mutually resolve the matter, Core lithium said in a presentation on Wednesday. The notice of a potential legal claim is related to a binding term sheet the companies signed in March last year to negotiate the terms of a supply agreement under which Elon Musk-led Tesla would have received spodumene, a lithium-rich mineral.
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ADRs of European payments giant and Stripe rival Adyen tumbled on Thursday after reporting its slowest sales growth ever, citing competition in key markets including the U.S.
( 18
min )
Citi analysts raised their price target on the fintech stock to $12 from $10.
( 26
min )
Bud Light was caught in a heated controversy in April over a collaboration with transgender influencer Dylan Mulvaney which gutted sales.
( 32
min )
Their collectible baseball cards, sneakers and Barbie dolls are their emergency funds.
( 21
min )
As Coinbase Inc. (COIN) scraps with the U.S. Securities and Exchange Commission (SEC) on its right to exist as an exchange, the company has achieved an unprecedented milestone in U.S. oversight by winning approval to handle customers’ buying and selling of crypto futures.
( 34
min )
Its shares fell 16% in early trading after losing 19% in the previous session as the loss-making company faces an ambitious annual goal set by its founder Pham Nhat Vuong - to sell 50,000 EVs, more than twice the sales notched up so far this year. Meanwhile, its lofty valuation could be at risk as it looks to raise more capital over the next 18 months.
( 30
min )
There are two sides to every coin. For penny stocks, or tickers that trade for less than $5 per share, this rings especially true. As some of the most divisive names on the Street, they are either met with resounding praise or forceful discontent. Going beyond the argument that you get more for your money, even minor price appreciation can result in massive percentage gains. However, some investors prefer to avoid these stocks entirely, as the fact that shares are trading at such depressed level
( 35
min )
In response to the country’s escalating housing affordability issue, Elevate Money's new real estate investment trust (REIT), the Future Of Housing Fund (FOHF), is proposing a solution. Partnering with modular home manufacturer Boxabl, the fund aims to channel investment capital and innovation into the affordable housing sector. Boxabl's Innovative Home Construction Method Boxabl is making waves for its novel approach to home construction. Its modular units, which can be efficiently folded and s
( 31
min )
Shares of electric-vehicle company VinFast fell more than 8% early Thursday, retreating for a second consecutive session.
The Vietnamese car maker debuted on the Nasdaq on Tuesday after merging with a special-acquisition company. The stock more than tripled in its first day of trading, [vaulting Vi
( 21
min )
Shares of CVS Health dropped early Thursday after health insurer Blue Shield of California said it will drop CVS's Caremark pharmacy-benefit manager to work with other companies, includi
( 22
min )
Saving for retirement is a lifelong undertaking. It involves keeping your retirement goals in mind as you have children, get different jobs and move from place to place. However, a recent study from the Center for Retirement Research at Boston College … Continue reading → The post Empty Nester? This Avoidable Mistake Could Jeopardize Your Retirement appeared first on SmartAsset Blog.
( 42
min )
With bids in play from Cleveland-Cliffs and Esmark, a battle for U.S. Steel is underway.
( 27
min )
The $40 billion J&J exchange offer for Kenvue stock is likely to be oversubscribed
( 27
min )
Apple stock typically performs well ahead of a new iPhone release and this year will be no different, according to one of its strongest bulls.
( 27
min )
Another set of results from Adyen, another stock-market drubbing. The Dutch payments provider, once a darling of the European tech scene, needs Silicon Valley to get its mojo back.
The stock was down by more than a quarter in European trading Thursday after the company put out half-year numbers tha
( 24
min )
Hawaiian Electric shares fell around 26% in premarket trading Thursday after The Wall Street Journal reported that the utility company is in [talks with firms that specialize in restructuring advisory work](https://www.wsj.com/articles/hawaiian-electric-in-talks-with-financial-restructuring-professi
( 21
min )
After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.
( 26
min )
Blue Shield of California is dropping CVS’s Caremark, its current pharmacy-benefit manager, and replacing it with a selection of other companies including drug delivery from Amazon.
( 27
min )
The retailer raised guidance as earnings beat Wall Street expectations, driven by groceries.
( 26
min )
Tapestry posts fiscal fourth-quarter earnings of 95 cents a share, while Wall Street was expecting 97 cents.
( 26
min )
Hedge fund EDL Capital is betting on further falls for China's offshore currency and says the yuan's slide could be the next "black swan event" to rattle world markets, according to an investor presentation this month seen by Reuters. The U.S. dollar has strengthened roughly 6% against the offshore yuan so far this year and Chinese state banks have been seen selling dollars this week to stem the yuan fall. EDL Capital, which manages about $1 billion, said factors weighing on the yuan include geopolitical tensions driving Western countries to re-home supply chains that will starve China of foreign investment.
( 30
min )
The move sent shares of CVS sliding 8%, while rivals Cigna Group and UnitedHealth Group, which also have pharmacy benefit management units, fell sharply in premarket trading. Pharmacy benefit managers, which maintain lists of drugs covered by health insurance plans and negotiate prices with manufacturers, have recently come under scrutiny from lawmakers for their role in rising healthcare costs.
( 31
min )
Blue Shield of California says it aims to save millions on drug costs, and plans to drop CVS Caremark as pharmacy-benefit manager
( 26
min )
Apple stock typically performs well ahead of a new iPhone release and this year will be no different, according to one of its strongest bulls.
( 27
min )
Cisco's fiscal fourth-quarter profit and sales beat analysts' estimates, Wolfspeed posts a wider-than-expected loss and issues disappointing guidance, BAE Systems is buying Ball Aerospace for $5.5 billion, and Walmart is scheduled to report second-quarter earnings.
( 27
min )
(Bloomberg) -- The top three US wireless carriers have lost billions in revenue as smartphone sales dwindle in a reversal of the pandemic boom.Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersNiger Soldiers Killed in Attacks by Armed Group, Ecowas SaysKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesGoldman Sachs Blames Zero-Day Options for Fueling S&P 500 SelloffAT&T Inc., T-Mobile US
( 32
min )
After weeks of inaction, cryptos have a catalyst. Expectations of higher interest rates for longer send Bitcoin and other tokens spiraling.
( 26
min )
(Bloomberg) -- Adyen NV’s shares plunged most on record after first-half earnings missed estimates, weighed down by the Dutch fintech company’s hiring push and inflationary pressures. Most Read from BloombergFed Saw ‘Significant’ Inflation Risk That May Merit More HikesGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowKen Griffin Reshaped Law Banning Chinese Real Estate PurchasesNiger Soldiers Killed in Attacks by Armed Group,
( 32
min )
Shares of the payments giant are down 80% from their pandemic-era high in 2021.
( 26
min )
Oil exploration-and-production companies look like the sweet spot for investors, rather than refiners, oil-field services providers, or other energy-related firms.
( 26
min )
One trading firm has a price target of as low as $24,000 in the coming months in the absence of immediate market catalysts.
( 31
min )
The average retirement saver with a seven-figure balance is 59 years old.
( 26
min )
China's major state-owned banks were seen busy selling U.S. dollars to buy yuan in both onshore and offshore spot foreign exchange markets this week, people with direct knowledge of the matter said, in an attempt to arrest the yuan's rapid losses. State banks usually act on behalf of China's central bank in the country's foreign exchange market, but they could also trade on their own behalf or execute their clients' orders. Offshore branches of the state banks were seen selling dollars during London and New York trading hours this week, two sources with direct knowledge of the matter said on Thursday.
( 30
min )
Bitcoin, Ether and Top 10 crypto fell on Thursday morning in Asia. Coinbase receives futures approval.
( 32
min )
Today's top stories for NVIDIA Corp (NASDAQ: NVDA) revolve around the competitive landscape of the semiconductor industry and the company's strategic moves in the market. NVIDIA's AI Chips: A Game-Changer for Data Centers: NVIDIA's CEO, Jensen Huang, underscored the economic advantages of the company's AI chips over traditional CPUs in data centers. The Grace Hopper Superchip, a fusion of CPU and GPU, promises substantial energy savings and enhanced performance for generative AI tasks. Huang ill
( 32
min )
A bank letter of credit policy assures a company engaged in an international transaction of the creditworthiness of the buyer.
( 19
min )
Blockstack (Stacks) is a blockchain-based version of the internet that allows full control of data and apps to the user.
( 22
min )
Find out how some indicators help investors predict the likely opening direction of stocks. Also, determine how international markets influence the open.
( 22
min )
Fast-track your MBA degree with a double major to help give your career the edge it needs and create a focus in an area of expertise.
( 23
min )
A bridge loan is short-term financing used until a person or company secures permanent financing. It provides immediate cash flow.
( 23
min )
Merchant category codes (MCC) are used by credit card companies to classify purchases according to the type of merchant. They are important for card rewards programs and other purposes.
( 23
min )
A zero liability policy absolves a credit or debit cardholder from responsibility for fraudulent charges. But it may not apply in all circumstances.
( 23
min )
Today's best CD rates are 5.76% from Connexus Credit Union for 1 year, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
The S&P 500 fell 0.8% on Thursday, Aug. 17, 2023, as declines in shares of CVS and other healthcare stocks weighed on the index after Blue Shield of California said it would reduce its reliance on CVS.
( 16
min )
Wahed Invest Inc. is likely a welcome platform in the robo-advisor environment for religious Muslims.
( 25
min )
CVS shares fell after Blue Shield of California said it would reduce its reliance on the company's pharmacy services and work with other firms, including Amazon, to cut costs.
( 17
min )
Understanding dividends and how they generate steady income for shareholders will help you become a more informed and successful investor.
( 23
min )
Ancillary benefits are a secondary type of health insurance that covers miscellaneous medical expenses that are incurred during a stay at the hospital.
( 18
min )
Cooperative insurance can cover co-op apartments and healthcare. Cooperative insurance allows policyholders to buy more coverage at an affordable cost.
( 22
min )
The 30-year fixed-rate mortgage averaged 7.09% as of August 17, a level not seen since 2002, when it peaked at 7.18%.
( 17
min )
A bondholder is an individual or other entity who owns the bond of a company or government and thus becomes a creditor to the bond's issuer.
( 28
min )
A letter of indemnity is a letter guaranteeing that contractual provisions will be met; otherwise, financial reparations will be made.
( 19
min )
Transferring balances from one or more credit cards to a new card can have both positive and negative effects on your credit score. Here is how to do it right.
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min )
Chapter 13 is a U.S. bankruptcy proceeding in which debtors reorganize their finances in order to repay creditors within three to five years.
( 24
min )
Chapter 12 is a special form of bankruptcy filing in the United States that applies specifically to farms and fisheries.
( 24
min )
Silicon Valley is an area in Northern California that is home to a large number of innovative technology companies.
( 29
min )
The Inflation Reduction Act, enacted a year ago, did a lot of things. Reducing inflation likely wasn’t one of them—at least not yet.
( 22
min )
Planning a sale or transition of your practice over time can help ease your clients into it and can net you a higher sale price.
( 19
min )
U.S. equity markets were little changed and mixed midday on Thursday, Aug. 17, 2023, after the latest earnings reports.
( 16
min )
While markets in Asia and North America have been lagging behind, growth of premium and ultra-premium sales coupled with the launch of the iPhone 15 could catapult Apple over competitors in unit sales.
( 17
min )
Stranger-owned life insurance is when someone tries to buy coverage on a person they don't know, and is illegal. Here's why.
( 24
min )
The Blue Book or Kelley Blue Book lists new and used car prices, helping car buyers determine the fair market value and trade-in value of automobiles.
( 21
min )
The number of IRA accounts rose 34.8% for females aged 18 to 35.
( 17
min )
The Multifiber Arrangement (MFA) was an international trade agreement between several countries on textiles and clothing that was active from 1974 to 2004.
( 21
min )
ADRs of European payments giant and Stripe rival Adyen tumbled on Thursday after reporting its slowest sales growth ever, citing competition in key markets including the U.S.
( 17
min )
AAA is the highest possible rating assigned to the bonds of an issuer by credit-rating agencies such as Standard & Poor’s and Fitch Ratings. Read more about these bonds.
( 22
min )
A-/A3 are similar rating categories issued by two different rating agencies, Moody's and S&P, to reflect long-term investment bond creditworthiness.
( 21
min )
Homebuyers are increasingly turning to newly built single-family homes, representing a record 31.4% of homes on the market in the second quarter.
( 17
min )
Retail giant Walmart beat profit and sales estimates thanks to surging grocery and e-commerce sales, as its discount-oriented business model shielded it from a broader slowdown in consumer spending.
( 18
min )
Insurance losses from Maui's historic wildfires, which have claimed more than 100 lives and up to 2,200 buildings, could top $3.2 billion for homeowners and lead to the biggest insurance payout in Hawaii's history.
( 19
min )
Britain's largest defense company, BAE Systems, said it plans to acquire Ball's aerospace operations for $5.6 billion.
( 16
min )
The 30-year mortgage average is wavering just below a 21-year high. Movement was mixed across other loan types, with the three major ARM averages rising slightly.
( 20
min )
If you have difficulty obtaining a conventional mortgage for a manufactured home, an FHA loan is an alternative for buying the home, the lot, or both.
( 24
min )
The debt ceiling is a limit that Congress imposes on the amount that the federal government can owe. Discover the current debt ceiling and its economic impact.
( 30
min )
B1/B+ is the highest quality credit rating for non-investment grade bonds.
( 21
min )
A passbook loan is a personal loan made to a savings account holder by the custodial bank using the balance of the savings account as collateral.
( 21
min )
Walmart shares rise after reporting its inventory management and a jump in online sales helped it grow revenue above expectations, and Cisco shares move higher after an increase in orders helped it beat earnings estimates. Here’s what investors need to know today.
( 18
min )
Allocated loss adjustment expenses (ALAE) are part of an insurer’s expense reserves that are attributed to the processing of an insurance claim.
( 19
min )
If you want to get out of a car lease without paying early termination fees, then you have some alternatives, including lease swapping.
( 20
min )
The digital divide refers to the gap between people who have access to modern information and communications technology and those who don’t.
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min )
Advance loss of profit (ALOP) insurance provides coverage for financial losses due to delays in construction and infrastructure projects.
( 18
min )
Prior acts coverage is a feature of an insurance policy that extends current coverage to pay claims made on events that took place prior to the policy's date of purchase.
( 19
min )
Insurance defense refers to attorneys who focus on representing cases that stem from insurance matters.
( 18
min )
The aggregate limit of liability refers to the most money an insurer can be obligated to pay to a policyholder during a specified period.
( 19
min )
A condotel is a hybrid property that combines the ownership of a condominium with the option to rent out units like a traditional hotel.
( 18
min )
De winkelverkopen dalen alsmaar verder. Al vijf kwartalen op rij kopen we minder dan in dezelfde periode een jaar eerder. Door prijsverhogingen blijft de omzet voor veel winkels toch nog redelijk op peil.
( 3
min )
De Britse regering roept lokale overheden op de pubs toestemming te geven om zondag vroeger open te gaan. Zondag spelen de Engelse voetbalsters onder leiding van bondscoach Sarina Wiegman de WK-finale tegen Spanje.
( 3
min )
Betalingsverwerker Adyen kende donderdag een uitzonderlijk slechte dag. Door tegenvallende resultaten in het eerste half jaar wilden beleggers massaal van hun aandelen af. Daardoor ging de koers onderuit en verdampte 19 miljard euro van de beurswaarde.
( 3
min )
Wie op het warmtenet is aangesloten, moet in de toekomst betere bescherming krijgen tegen extreme tarieven. Dat staat in het advies van toezichthouder ACM over nieuwe regels voor warmtenetten, waar minister Rob Jetten (Energie) aan werkt.
( 4
min )
Kledingketen H&M wil stapsgewijs stoppen met leveranciers in Myanmar, meldt persbureau Reuters. Woensdag is een rapport over wantoestanden in kledingfabrieken in het Aziatische land verschenen.
( 3
min )
Nog eens drie partijen willen een faillissementsaanvraag doen voor koopjesketen Big Bazar. Dat meldt directeur Joost Konings van Invorderingsbedrijf Amsterdam, dat de aanvragen in behandeling heeft.
( 3
min )
Om te voorkomen dat het leven voor veel Nederlanders onbetaalbaar wordt, moet het demissionaire kabinet actie ondernemen. Dat zeggen budgetinstituut Nibud en Defence for Children als reactie op een armoedewaarschuwing waar het Centraal Planbureau (CPB) woensdag mee kwam.
( 5
min )
De handel in het aandeel Adyen is donderdag korte tijd stilgelegd op de Amsterdamse beurs. De stap volgde op een koersverlies van 25 procent van het aandeel. Dat is het grootste dagverlies voor het betaalbedrijf, dat sinds 2018 een notering heeft in Amsterdam.
( 3
min )
Vakbond FNV vindt een minimumloon van 14 euro niet meer hoog genoeg en pleit voor een verhoging naar 16 euro per uur. Ook toeslagen en kindgebonden budgetten zouden omhoog moeten in de strijd tegen armoede, vindt voorzitter Tuur Elzinga.
( 4
min )
Minister Micky Adriaansens (Economische Zaken) heeft genoeg van de vertraging die satellietbedrijf Inmarsat veroorzaakt voor de ontwikkeling van sneller 5G-internet. Het bedrijf houdt belangrijke radiofrequenties bezet die daarvoor nodig zijn. Daarom pakt Adriaansens die frequenties op 1 februari 2024 af.
( 5
min )
Ook Triodos Bank heeft de winst over het eerste half jaar van 2023 verdubbeld. De kleinere bank volgt daarmee het voorbeeld van ABN AMRO, ING en Rabobank. De banken profiteren volop van de renteverhogingen van de Europese Centrale Bank (ECB).
( 5
min )
De groei van de Nederlandse economie valt dit en volgend jaar terug. Dat is geen probleem, omdat de economie de afgelopen jaren veerkrachtig bleek ondanks meerdere crises. De zorgen zitten hem vooral in de toenemende armoede als de steunmaatregelen stoppen.
( 6
min )
NU.nl kiest elke dag een actueel onderwerp waarover jij uitgebreid met medelezers van gedachten kunt wisselen. Nederland zit momenteel in een recessie, maakte statistiekbureau CBS gisteren bekend. Dat komt onder andere doordat huishoudens nu zuiniger leven. Wat doe jij om de kosten van je boodschappen laag te houden?
( 2
min )
De werkloosheid in Nederland is in juli licht toegenomen. 3,6 procent van de beroepsbevolking was werkloos, tegen 3,5 procent een maand eerder. Dat is nog steeds een zeer laag percentage.
( 3
min )
De meeste Nederlandse beleggers hebben cryptoplatform Binance op tijd verlaten. Vandaag sluit Binance de Nederlandse accounts op het platform. Klanten hadden tot woensdag de tijd om hun cryptomunten over te zetten naar een ander platform.
( 3
min )
De groei van de Nederlandse economie valt dit en volgend jaar terug. Dat is geen probleem, omdat de economie de afgelopen jaren veerkrachtig bleek ondanks meerdere crises. De zorgen zitten hem vooral in de toenemende armoede als de steunmaatregelen per 2024 stoppen.
( 3
min )
Klanten van energiebedrijf Vandebron moeten voortaan extra betalen als ze zonnepanelen bezitten. Het bedrag is afhankelijk van de hoeveelheid elektriciteit die ze terugleveren aan het net. NUjij'ers vroegen zich af of een thuisbatterij een oplossing kan zijn.
( 3
min )
Veel auto's beschikken over zogenoemde keyless entry-systemen. Daarmee kun je de auto openen en starten terwijl de autosleutel in je broekzak zit. Dat is erg handig en makkelijk, maar maakt je auto ook inbraak- of diefstalgevoelig.
( 4
min )
The company's stock was rising in late trading. The chip design software firm is getting a big boost from AI.
( 26
min )
Trying to navigate the ups and downs of the stock market and predict its future direction can seem like a complicated and daunting task. However, as with almost anything, simplicity often holds the key. One of the most straightforward strategies is to keep an eye out for insiders’ moves. After all, these corporate officers are privy to their companies’ inner workings. So, when an insider is seen picking up shares of the company they work for, especially in bulk, it sends a clear signal that they
( 35
min )
(Bloomberg) -- Cisco Systems Inc., the largest maker of computer networking equipment, gave a lukewarm revenue forecast for the coming fiscal year, adding to concern that spending on tech infrastructure is slowing.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersFed Saw ‘Significant’ Inflation Risk That May Merit More HikesChina Shadow Bank Misses Dozens of Payments as Risks GrowStocks, Bonds Fall as Rate Hikes Left on the Table: Markets WrapMarc Becker, Apol
( 31
min )
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Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.
( 18
min )
Hawaiian Electric Industries is speaking with restructuring advisory firms to address financial and legal challenges over its potential liabilities in the wake of the Maui wildfires, the Wall Street Journal reported on Wednesday. The utility firm is in discussions over the strategies it can pursue and to determine whether it needs to hire legal and financial advisers, the report said, citing people familiar with the matter. Hawaiian Electric did not immediately respond to Reuters' request for a comment.
( 31
min )
Zim lost $213 million in the second quarter. Will rising trans-Pacific spot rates help it reverse course in the third? The post Shipping line Zim bets big on spot market as losses mount appeared first on FreightWaves.
( 34
min )
Reuters reported Wednesday that ArcelorMittal was considering a bid for United States Steel. That has U.S. Steel shares on the move.
( 26
min )
Analysts downgrading stocks is an everyday occurrence and certainly nothing out of the ordinary. But it's major news when well-regarded stocks with large followings are the subjects of the downgrades. This week began with downgrades on three popular real estate investment trusts (REITs) across three different subsectors. Two of the downgrades were by the same analyst with Bank of America Securities and one was by an analyst with Argus Research. Take a look at the three REITs that could be in for
( 34
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Who wins in the battle for control of U.S. Steel?
( 12
min )
Jim Cramer, the well-known financial analyst and host of CNBC’s popular show “Mad Money,” is a figure with a reputation for outspoken opinions and a solid track record in the financial markets. Cramer recently delved into the art market and its potential as a solid investment option, particularly during times of inflation. In one of his episodes, Cramer highlighted Masterworks, a company that offers investors the opportunity to buy shares in individual artworks. The approach allows people to par
( 31
min )
(Bloomberg) -- Look closely at the contours of Tuesday’s tumble in the S&P 500 and fingerprints of a new market force come into focus.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 51They’re options tied to S&P 500 with a m
( 33
min )
(Bloomberg) -- Sacks Parente Golf Inc.’s shares tumbled as much as 83%, erasing almost all of the big first-day gains that made it the strongest US stock-market debut of 2023.Most Read from BloombergGoldman CEO’s Most Loyal Deputy Is Tested by Mutinous PartnersChina Shadow Bank Misses Dozens of Payments as Risks GrowTech Stocks Take a Leg Down Ahead of Fed Minutes: Markets WrapChina Asks Some Funds to Avoid Net Equity Sales as Markets SinkMarc Becker, Apollo’s Impact Investing Co-Head, Dies at 5
( 31
min )
Barrick Gold Corp. (NYSE:GOLD) is one of the largest producers of gold in the world. But CEO Mark Bristow recently emphasized the importance of another metal to keep an eye on. During an interview with CNBC, Bristow said, "My view is that copper is the most strategic metal out of all the metals." He pointed out that batteries are a major driver for copper demand, but there's more to the story. "Batteries is not a long-term solution for the future of a better planet for all," Bristow said. "What'
( 33
min )
A leading Dallas energy player will pay big bucks for the company that merged with #Royals majority owner John Sherman's old business.
( 10
min )
VinFast’s Nasdaq trading debut on Tuesday made Vingroup founder Pham Nhat Vuong a very wealthy man.
( 32
min )
Britain is facing a growing risk of recession even as rampant inflation begins to ease, economists have warned.
( 45
min )
Shares in the Vietnamese electric car company more than tripled in its first day of trading, giving it a roughly $86 billion market value.
( 26
min )
VinFast's stock opened at $22 apiece on Nasdaq — a surge of over 200% from the $10 per share price agreed upon with Black Spade Acquisition.
( 31
min )
Buyers should focus on what they can control rather than try to predict mortgage rates.
( 26
min )
Investors seem convinced the security software company has chosen this inconvenient timetable because it has news to deliver shareholders might not like.
( 26
min )
The Houston area is losing one of its largest publicly traded energy companies in a deal valued at approximately $7.1 billion.
( 11
min )
My investment accounts don't withhold taxes from my capital gains, which is causing me to owe large amounts when I file my returns. How can I mitigate this situation? -David As capital gains distributions are unpredictable and usually unknown until … Continue reading → The post Ask an Advisor: ‘How Can I Mitigate This Situation?' My Tax Bill Is Huge Because My Investment Accounts Don't Withhold Capital Gains appeared first on SmartAsset Blog.
( 34
min )
Retirees don't accurately understand their risks in retirement, according to a recent analysis from the Center for Retirement Research at Boston College. The brief, authored by Wenliang Hou, finds a disconnect between how retirees rank perceived risks and their objective … Continue reading → The post Retirees Don't Know Their No. 1 Retirement Risk: Advisors Can Help appeared first on SmartAsset Blog.
( 32
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I'm a 65-year-old preparing for retirement within the next three to five years. I'm looking at different types of retirement funds. Would adding stocks that are dividend-structured along with gold and cryptocurrencies be a good mixture? -Earl Shifting from building … Continue reading → The post Ask an Advisor: I'm 65 Years Old and Going to Retire Soon. How Should I Structure My Portfolio? appeared first on SmartAsset Blog.
( 33
min )
Analysts at Piper Sandler and Raymond James raised their target prices on Nvidia to $500 ahead of its earnings next week.
( 26
min )
The retailer handily beats Wall Street's earnings expectations.
( 26
min )
A solid top- and bottom-line beat by the e-commerce giant isn't enough to lift the stock amid a selloff in Chinese markets.
( 26
min )
Energy Transfer said the move would benefit its natural-gas and crude-oil businesses by adding storage and terminal assets.
( 25
min )
Target beats analysts' expectations for second-quarter earnings, sending shares higher, despite the retailer lowering full-year guidance.
( 26
min )
The Bitcoin futures market, in which trades are typically made with leverage or borrowed money, is the most liquid market in all of crypto.
( 26
min )
It comes after the fund suffered one of its worst years in history in 2022.
( 31
min )
A solid top- and bottom-line beat by the e-commerce giant isn't enough to buoy the stock amid a selloff in Chinese markets.
( 26
min )
Palo Alto Networks investors are betting that good things never happen late on a Friday afternoon.
( 25
min )
Coinbase Global has earned approval from the National Futures Association to offer eligible U.S. customers crypto futures, the company said Wednesday.
The largest crypto exchange in the U.S. in September 2021 [filed an application with the NFA](https://twitter.com/coinbase/status/143824759587741696
( 22
min )
Tencent Holdings’ second-quarter net profit climbed 41%, thanks to a recovery in various business lines, led by online advertising.
( 26
min )
Coherent issues a weaker-than-expected forecast, Cava's second-quarter profit beats expectations, and Intel calls off its acquisition of Tower Semiconductor.
( 27
min )
The move for the Israeli company collapsed due to delays to regulatory approval. It's a setback for plans to ramp up its semiconductor-making business.
( 26
min )
(Bloomberg) -- Intel Corp. said it’s walking away from its attempt to acquire Tower Semiconductor Ltd., abandoning a $5.4 billion deal after failing to win regulatory approval in time. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debat
( 32
min )
The networking-equipment company faces crosswinds in terms of demand heading into its fiscal fourth-quarter earnings report.
( 26
min )
(Bloomberg) -- Intel Corp. is expected to call off its planned $5.4 billion acquisition of Tower Semiconductor Ltd. as time to win regulatory approval runs out, according to people familiar with the matter.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump In
( 32
min )
(Bloomberg) -- Sea Ltd.’s historic 29% tumble erased close to $10 billion from its market value, wiping out a quarter of co-founder Forrest Li’s fortune overnight while darkening the shopping and gaming leader’s prospects.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift Ruble Aft
( 33
min )
(Bloomberg) -- The yield on 10-year US Treasuries is at the top end of its range, providing a good entry point for investors, according to Steven Major, global head of fixed-income research at HSBC Plc.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s In
( 31
min )
(Bloomberg) -- When former postman Iqeel Ahmed told staff at his local Halifax branch he couldn’t feed his family because he was locked out of his account, they asked whether he had tried the nearest food bank.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTyco
( 37
min )
(Bloomberg) -- A record of the Federal Reserve’s July policy meeting due Wednesday is set to show only a minority of officials favored holding interest rates steady over the remainder of the year, according to Bloomberg Economics.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapRussia’s Emergency Rate Hike Fails to Lift R
( 31
min )
A deal for the American steelmaker could leave fewer options for steel used in cars, food cans and other products.
( 27
min )
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with the Israeli firm, the sources said. Intel and Tower declined to comment.
( 32
min )
(Bloomberg) -- Chinese stocks extended their recent selloff, putting a key gauge of the nation’s equities on track to erasing all the gains seen since last month’s Politburo meeting.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweepi
( 30
min )
Intel Corp will walk away from its $5.4 billion deal to acquire Israeli contract chipmaker Tower Semiconductor Ltd once the companies' contract expires later on Tuesday, according to people familiar with the matter. Intel, which signed the deal to buy Tower in February 2022, did not secure approval from Chinese regulators for the acquisition as required under its contract with Tower, the sources said. It does not plan to negotiate an extension of the contract, and will instead pay Tower a $353 million break-up fee to walk away, the sources added.
( 31
min )
(Bloomberg) -- China home prices dropped for a second month in July, a further sign of the deepening property downturn that’s weighing on the world’s second-largest economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgi
( 31
min )
(Bloomberg) -- The rally in equities is set to grind to a halt as investors come to grips with slowing US growth, and seasonal factors are likely to compound the selling pressure, according to Vantage Point Asset Management.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Ma
( 31
min )
The firm exited its loan investment after rival lenders offered better terms to finance Yellow’s liquidation.
( 27
min )
Inflation-linked bonds, such as TIPS and I-Bonds, protect returns from the loss of purchasing power and increase portfolio diversification.
( 24
min )
A blockchain operating system uses blockchain as the platform for running a device's operating system
( 19
min )
Assessed value is a value assigned to a home by an assessor and is used to determine the property tax bill. It is often a percentage of fair market value.
( 22
min )
Understand how portfolio immunization is compared to cash flow matching when taking an asset-liability management (ALM) approach to investing portfolios.
( 21
min )
A quick overview of the top economic indicators to track the housing market in the U.S.
( 20
min )
Policymakers at the Fed are concerned wage growth isn't slowing fast enough for inflation to fall to the 2% annual rate that the central bank targets, according to minutes of the Federal Open Market Committee released Wednesday.
( 18
min )
The S&P 500 lost 0.8% on Wednesday, Aug. 16, 2023, after minutes from the latest Fed meeting showed members indicated interest rates may still have to rise to curb inflation.
( 16
min )
The IRS has been spending the $80 billion in extra funding it got from the Inflation Reduction Act of 2022 to hire more customer service agents, create chatbots, and reduce paperwork.
( 17
min )
Progressive Corporation was the best-performing stock in the S&P 500 on Wednesday after the insurance provider reported a jump in premiums written in July.
( 16
min )
Oil and gas services provider Energy Transfer LP agreed to buy Crestwood Equity Partners LP for $7.1 billion dollars, including $3.3 billion in debt.
( 17
min )
CDs can significantly boost what you earn on your savings. So it's worth exploring ways to safely add one or more top-paying certificates to your savings plan.
( 25
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
Southwest Airlines and the union covering more than 17,000 of its employees reached a tentative agreement on wages, job protections, and benefits for more. But the airline's pilots union still may strike.
( 17
min )
A court victory for President Joe Biden this week means that thousands of borrowers are joining the growing list of people whose student loans have been forgiven since he took office.
( 20
min )
Teachers’ salaries aren't keeping up with inflation and the rising cost of homeownership.
( 19
min )
Tron is a block-chained-based platform for sharing digital content. Discover more about Tron and its cryptocurrency, called Tronix or TRX.
( 19
min )
A crypto commodity is a digital representation of a commodity, utility, or contract on a blockchain network through exclusive tokens.
( 22
min )
Credit repair companies can help you find and fix mistakes on your credit report, for a fee. Learn how to choose a credit repair company that works for you.
( 20
min )
Goldman Sachs predicts home prices will keep rising, citing tight supply and high demand.
( 17
min )
Mutual funds and robo-advisors are two ways investors can get help building and managing a diverse portfolio. Find out more about the differences between these investing tools.
( 26
min )
While the CME already trades crypto futures and the CBOE has approvals for leveraged crypto futures, the nod makes Coinbase the first purely crypto exchange to offer such products.
( 17
min )
Demand elasticity is the sensitivity of the demand for a good or service due to a change in another factor.
( 22
min )
Mediterranean restaurant chain Cava Group posted a profit in its first earnings report since going public in June as it added new locations.
( 17
min )
TJX Companies shares hit an all-time high as the discount retailer posted better-than-expected results and raised its outlook as shoppers flocked to its stores.
( 17
min )
U.S. equities were mixed at midday on Wednesday, Aug. 16, 2023, after the latest earnings news and ahead of the release of meeting minutes from the Fed's July policy meeting.
( 17
min )
With investors looking to back the latest ICOs and cryptocurrencies, some scammers have taken advantage of the rush to invest.
( 22
min )
Intel called off a $5.4 billion deal to purchase Tower Semiconductor after it failed to secure timely regulatory approval from China.
( 17
min )
Learn about the evolving role of the nation-state in an increasingly globalized world as fewer boundaries restrict international commerce.
( 22
min )
Investment grade refers to bonds that carry low to medium credit risk.
( 25
min )
Automated robo-advisors are more flexible and can build more complex portfolios. Target date funds (TDFs) have the more specific aim of helping people invest for retirement by slowly adjusting their holdings to reduce volatility and risk over time.
( 25
min )
If you're denied for a personal loan, you might be able to reapply. However, you need to take steps to address the issues that cause the denial in the first place.
( 24
min )
Even though personal loans can help you fund a number of financial goals, they aren't always the right choice.
( 22
min )
Learn about GPUs (Graphics Processing Units) and how they are used in cryptocurrency mining.
( 24
min )
Business loans can certainly impact your personal credit, though this depends primarily on whether a personal guarantee is required.
( 23
min )
Target posted its first quarterly sales decline in six years after a dip in discretionary spending, backlash against the company's Pride collection, and rise in retail theft.
( 18
min )
Renovations may be covered, but they also can increase the value of your home and leave you underinsured. Find out if you should update your policy.
( 24
min )
Consumers have rights that protect them from scams and fraud. Certain consumer protection laws can help in particular situations.
( 26
min )
The Foster School of Business at the University of Washington offers undergraduate, graduate, and doctoral programs in business and other fields.
( 18
min )
Double-spending is a potential flaw in cryptocurrency systems that refers to the possibility of a digital currency being spent more than once.
( 20
min )
Occidental Petroleum will purchase tech firm Carbon Engineering Ltd. for $1.1 billion with plans to build 100 plants, using incentives from the government to combat climate change.
( 17
min )
Gwei is a denomination of the cryptocurrency ether (ETH), used on the Ethereum network. Learn what it is and how it is used in ETH transactions.
( 22
min )
Cryptocurrency payment gateways are a service available for merchants who prefer to have a trusted third party dealing with digital currencies.
( 21
min )
Changes in exchange rates have a substantial influence on companies’ operations and profitability. Here are ways they can deal with the risk.
( 27
min )
Problems with the U.S. tax system include higher effective rates for lower-income people, companies paying little or no taxes, and poor enforcement.
( 36
min )
The pre-existing condition exclusion period is a health insurance provision that limits benefits for a period of time for a prior medical condition.
( 22
min )
De omzet van de bouw was in de maanden april, mei en juni bijna 8 procent hoger dan een jaar eerder, meldt statistiekbureau CBS.
( 3
min )
Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.
( 3
min )
Klanten van de Bank of Ireland konden dinsdag de hele dag 'gratis' geld opnemen. Door technische problemen bij de bank konden zij meer geld pinnen dan zij op hun rekening hadden staan.
( 3
min )
De verslechterde Chinese economie zorgt ervoor dat de yuan hard daalt. De Chinese munt bereikte woensdag het laagste niveau sinds november 2022.
( 3
min )
Een groot vrachtschip dat sinds het begin van de oorlog in Oekraïne stillag, vaart nu voor het eerst over de Zwarte Zee. Het schip maakt gebruik van een zogenoemde humanitaire corridor, een tijdelijke vaarroute voor gestrande schepen.
( 4
min )
Kledingketen H&M gaat twintig beschuldigingen van misstanden in kledingfabrieken in Myanmar onderzoeken. Volgens de Britse mensenrechtenorganisatie BHRRC is er sprake van misstanden in de fabrieken waar het Zweedse bedrijf kleding laat maken.
( 3
min )
Met twee kwartalen van krimp is de Nederlandse economie in een recessie terechtgekomen. Dat klinkt ernstig, maar gaat dit ons echt veel pijn doen?
( 3
min )
Porthos, een groot project voor de opslag van CO2 onder de Noordzee, mag doorgaan. Bij de aanleg komt weliswaar wat stikstof vrij, maar dat vormt geen grote bedreiging voor kwetsbare duinnatuur. Dat oordeelt de Raad van State woensdagochtend.
( 7
min )
Het socialemediaplatform X (voorheen Twitter) heeft de toegang tot concurrerende sociale netwerken en nieuwswebsites vertraagd. Gebruikers die op een link naar Facebook, Instagram of bijvoorbeeld The New York Times klikten, moesten vijf seconden wachten voordat ze de gewenste pagina konden zien.
( 4
min )
De Nederlandse economie is met twee kwartalen van krimp in een recessie beland. In andere eurolanden zijn de ontwikkelingen gunstiger. De economie van de eurozone groeide in het tweede kwartaal met 0,3 procent ten opzichte van een kwartaal eerder.
( 4
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Hoewel op dinsdag en donderdag de langste files staan en het op die dagen het drukst is op kantoor, willen werkgevers hun personeel niet aanmoedigen op woensdag of vrijdag te komen. Vandaag is daarom de stelling: Werknemers moeten zelf kunnen bepalen welke dagen ze thuiswerken. Breng je stem uit en discussieer mee.
( 2
min )
Tussen begin april en eind juni is de Nederlandse economie met 0,3 procent gekrompen in vergelijking met het kwartaal ervoor. Het is de tweede krimp op rij, waardoor we officieel spreken van een recessie.
( 5
min )
Gebruikers van socialemediaplatform X (voorheen Twitter) moeten voortaan betalen voor TweetDeck (nu X Pro). Het computerprogramma waarmee je jouw tijdlijn kunt beheren, is vanaf nu alleen nog te gebruiken door mensen met een geverifieerd account op X.
( 4
min )
De Britse consumentenprijzen zijn in juli met 6,8 procent gestegen. Daarmee was de inflatie lager dan in juni (7,9 procent), maar nog wel veel hoger dan de beoogde 2 procent.
( 3
min )
De arbeidsmarkt is nog steeds zeer krap. Werkgevers hadden in het tweede kwartaal van dit jaar moeite om aan mensen te komen. Per 100 werklozen stonden eind juni nog 122 vacatures open.
( 3
min )
Hoewel thuiswerken sinds de coronapandemie een blijvertje is, werken Nederlanders op dinsdag en donderdag nog vaak op kantoor. Maar ondanks de lange files en drukte op de werkvloer willen werkgevers hun personeel niet aanmoedigen om op woensdag of vrijdag te komen.
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min )
If you’re looking for effective strategies for making sound stock selection decisions, you could do a lot worse than peep into the current portfolios of Wall Street’s investing titans. By discovering which equites they are leaning into at any given time, investors can piggyback on the decades-long success attained by the stock picking giants. Few are more successful at this game than Ken Griffin, the founder and CEO of hedge fund Citadel and a man with a net worth of ~$34 billion. Last year, aga
( 34
min )
The electrification of everything is already underway, and there is one extraordinary $23 billion opportunity that investors continue to overlook.
( 41
min )
(Bloomberg) -- Warren Buffett-backed Occidental Petroleum Corp. agreed to buy Canadian startup Carbon Engineering Ltd. for $1.1 billion as the oil producer expands its position as a leader in removing carbon dioxide from the atmosphere. Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-
( 32
min )
If demand is too high, J&J holders who participate will be able to swap only part of their investments for Kenvue
( 27
min )
(Bloomberg) -- PNC Financial Group Services Inc. tapped the US blue-chip bond market for the second time since a regional banking crisis rattled investors earlier this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapThe Fed’s Interest-Rate Debate Is Shiftin
( 32
min )
(Bloomberg) -- Sacks Parente Golf Inc. shares skyrocketed 624% in its first day of trading, notching the best initial public offering debut on a US exchange this year.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping Georgia Elec
( 30
min )
(Bloomberg) -- VinFast Auto Ltd. soared in its debut as a public company, vaulting its market capitalization beyond that of General Motors Co. and Ford Motor Co., as traders flipped shares of the electric-vehicle maker.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After Crash
( 32
min )
Warren Buffett is widely recognized as the greatest investor of all time, so when he buys new stocks, investors tend to take notice. According to its latest 13F filing, which came out yesterday, Buffett’s Berkshire Hathaway initiated positions in just three new stocks during the second quarter — NVR (NYSE:NVR), Lennar (NYSE:LEN), and D.R. Horton, Inc. (NYSE:DHI). Interestingly, all three are homebuilders. While investors should always do their own due diligence before making any investment, taki
( 34
min )
(Bloomberg) -- VinFast Auto Ltd. soared in its first day of trading as the Vietnamese electric-vehicle maker looks to raise its profile and take on established car manufacturers.Most Read from BloombergHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeRussia Calls Emergency Key Rate Meeting as Ruble PlungesRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashS&P 500 Drops Below Key Level in Late-Day Slide: Markets WrapTrump Indictment Lays Out Sweeping G
( 32
min )
The private-jet membership company agreed to turn over a 95% stake in return for new financing.
( 29
min )
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Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 21
min )
It's always a good sign for stockholders when they see one of the insiders at a company buying shares of company stock. It's well known that insiders may sell shares for dozens of personal reasons that have nothing to do with the company's performance, but generally, insiders are only buyers when they feel the stock price is undervalued and likely to rise over time. It's even more significant when multiple insiders are buying shares of company stock, as that indicates optimism among more than on
( 33
min )
The selloff continues in shares of troubled utility Hawaiian Electric Industries.
The stock fell another 24% on Tuesday after [Monday’s plunge](https://www.wsj.com/livecoverage/stock-market-today-dow-jones-08-14-2023/card/hawaiian-electric-industries-stock-plunges-in-wake-of-deadly-wildfires-UKImN6
( 21
min )
Esmark Inc majority owner and chief executive James Bouchard said in an interview on Tuesday that his steel maker, which does not publicly report its earnings, has cash for its $7.8 billion bid for U.S. Steel Corp sitting in his bank account. Esmark unveiled its offer on Monday after Cleveland-Cliffs Inc, another steel maker, said on Sunday it had made a $7.3 billion offer for U.S. Steel, which the latter rejected. Cleveland-Cliffs said it could afford the deal because it would pay for half of it using its own stock as currency and borrow from banks to help pay for the other half.
( 31
min )
Some borrowers who had enrolled in income-driven repayment plans will start getting their debt discharged this week.
( 32
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Despite the fact that delaying the start of your Social Security benefits until age 70 means a 32% increase in the amount you would receive, only 10% of non-retired Americans between the ages of 60 and 65 plan to wait for the larger payout, according to the 2023 Schroders U.S. Retirement Survey. Consider working with […] The post Just 10% of Workers to Wait Until 70 to Take Maximum Social Security Benefits appeared first on SmartReads by SmartAsset.
( 32
min )
Over $22 billion worth of Nvidia's shares were traded as of mid-day, beating out $14 billion of trades in Tesla, which is usually the Wall Street's most traded stock. Nvidia shares rose as much as 3.5% before trimming gains. Nvidia was just one of three stocks in the Philadelphia semiconductor index trading higher on Tuesday after stronger-than-expected U.S. retail sales data stoked worries that interest rates could stay higher for longer, rattling the stock market.
( 32
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Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.
( 19
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(Bloomberg) -- The steep drop in output from US shale wells is turning out to be worse than expected, forcing oil drillers to work even harder to keep production from slipping, research firm Enverus said in its latest report.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After
( 31
min )
Wall Street analysts are still underestimating how much the rise of artificial intelligence could boost revenue, according to New Street Research.
( 35
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The U.S. stock market saw robust growth in 2023, with the S&P 500 Index surging by 17%. But according to "Shark Tank" star Kevin O'Leary, it's not all sunshine and rainbows. "The S&P 500 employs 40% of America," he told Fox Business' Larry Kudlow in a recent interview. "Where the cracks are starting to show is in mainstream America where the car loans have gone from five and a half percent to nine and a half percent and continue to go up." The U.S. Federal Reserve has implemented aggressive inte
( 33
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I am 57 and have $1.1 million in my 401(k) and $50,000 in a high-yield savings account. I earn $300,000 per year and put $30,000 in my 401(k) each year plus a match on the first 6%. I have a $220,000 mortgage on a home valued at $550,000. I would like to retire at 62 […] The post Ask an Advisor: I Have $1.15 Million Saved and Will Collect $3,500 Per Month in Social Security. Can I Retire at 62? appeared first on SmartReads by SmartAsset.
( 32
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Discover Financial shares dropped more than 9% Tuesday after the Riverwoods-Ill.-based company said Roger Hochschild would step down as CEO effective immediately.
Discover board member and ex-Regions Financial executive John Owen will serve as interim CEO and president, the company said after marke
( 23
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The currency has now surrendered all of its gains from last year to plumb depths not seen since an investor panic in the early days of the war.
( 31
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As we reach the tail end of the 2Q23 earnings season, it’s time to take stock of the current market landscape and gauge the resilience of equities. To start with, the pace of inflation is falling – but remains above the 2% target. Against a background of inflationary pressures and recessionary fears, the second quarter earnings were stagnant – but while the bar was low, most firms cleared it, beating the expectations. In a recent note, BlackRock’s Global Chief Investment Strategist, Wei Li, has
( 35
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The $40 billion exchange offer for shares of Kenvue expires Friday, but brokerage firms want retail investors to make their instructions before then.
( 27
min )
The story of United States Steel holds some fascinating history as well as some important lessons for investors.
( 27
min )
The Florida governor needs every friend he can muster to narrow Donald Trump's lead in the polls.
( 32
min )
The Euro has found buyers again on the dip, continuing the overall supportive action.
( 32
min )
Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.
( 26
min )
The Vietnamese EV maker VinFast is beginning life as a publicly traded company on the Nasdaq stock exchange.
( 26
min )
Chip maker Nvidia has seen shares nearly triple this year. UBS analyst Timothy Arcuri raised his target price to $540 from $475, and writes "it still seems early to get off this train."
( 27
min )
Privately held and Pittsburgh-based Esmark has announced an all-cash bid for United States Steel. Few saw that coming after an offer from Cleveland-Cliffs.
( 26
min )
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Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.
( 20
min )
Home Depot tops report second-quarter earnings estimates, Warren Buffett's Berkshire Hathaway takes a new equity position in home builder D.R. Horton, a new bidder emerges for U.S. Steel, and Discover Financial's CEO resigns.
( 27
min )
(Bloomberg) -- Sea Ltd.’s revenue missed estimates after its e-commerce division posted slowest growth on record, reflecting fallout from economic turbulence and intensifying competition.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Fourth Indictment Lays Out Sweeping Georgia Election PlotRussia’s Emergency Rate Hike Fails to Lift Ruble After CrashOut of Options and Money,
( 32
min )
Vietnam's electric vehicle maker VinFast could open higher on Nasdaq on Tuesday, based on limited premarket trade, as it makes its debut after a SPAC deal that the company says values it at $23 billion. The valuation, which VinFast and its blank-check partner Black Spade Acquisition calculated using rival EV maker Lucid as the benchmark, is the fourth-highest for such special purpose acquisition company (SPAC) deals, according to data from Dealogic. A few hours before its Nasdaq debut, VinFast more than doubled its value in premarket trading involving less than 4% of its shares.
( 31
min )
Southeast Asian technology firm Sea Ltd missed estimates for second-quarter revenue on Tuesday, as consumers held back spending on Internet and discretionary services. U.S.-listed shares of Sea tanked 14% in trading before the bell. Revenue grew over 5% from a year earlier to $3.10 billion, compared with analysts' estimate of $3.20 billion, according to Refinitiv data.
( 31
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The company is seen as a bellwether for big retailers, its numbers offer clues about the health of the U.S. consumer.
( 27
min )
Chinese e-commerce giant JD.com has denied speculation that its billionaire founder Richard Liu Qiangdong and his wife Zhang Zetian had emigrated to the US, crushing the latest rumours surrounding the personal life of one of the country's most well-known entrepreneurs. The Beijing-based firm wrote on its Weibo account on Monday that gossip circulating on social media, alleging that the couple had moved to the US or spent more than US$100 million there to buy luxury homes, were fabricated. It add
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(Bloomberg) -- As headline oil prices edge ever closer to $90 a barrel, there’s little sign of a let up in the day-to-day demand that’s underpinned the rally.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Sessio
( 33
min )
(Bloomberg) -- European equities were little changed amid a summer slowdown and after China’s central bank unexpectedly reduced a key interest rate.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeTrump Indicted Over Attempts to Overturn Georgia's 2020 Presidential VoteOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets
( 32
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(Bloomberg) -- The yuan slid to the weakest level since November and China’s sovereign bonds rallied after the central bank unexpectedly cut a key interest rate in an effort to boost its ailing economy.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesHollywood Studios Offer Writers a New Deal With Push From Netflix, Iger to End StrikeOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapTrump Indicted
( 33
min )
MOSCOW (Reuters) -Russia's central bank hiked its key interest rate by 350 basis points to 12% on Tuesday, an emergency rate move to try and halt the rouble's weakening past 100 to the dollar after a public call from the Kremlin for tighter monetary policy. The extraordinary rate meeting came after the rouble plummeted past the 100 threshold against the dollar on Monday, dragged down by the impact of Western sanctions on Russia's balance of trade and as military spending soars. President Vladimir Putin's economic adviser Maxim Oreshkin on Monday rebuked the central bank blaming what he called its soft monetary policy on the weakening rouble.
( 30
min )
Buffett's company added a trio of home-construction companies to its stock portfolio last quarter, while it cut or exited several other positions.
( 32
min )
Barron's looked at stocks in the Russell 3000 that have done little for the past five years and identified 10 stocks where improving analyst sentiment could signal better days ahead.
( 27
min )
(Bloomberg) -- China’s central bank unexpectedly reduced a key interest rate by the most since 2020 to bolster an economy that’s facing fresh risks from a worsening property slump and weak consumer spending.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Election With Primary WinChina Finance Giant’s Missed Paymen
( 32
min )
The Church of Jesus Christ of Latter-day Saints' has an investment portfolio topping $100 billion that includes $49.3 billion invested in stocks.
( 31
min )
(Bloomberg) -- Founded in 1995 as a lumber business, Zhongzhi Enterprise Group Co. grew to become a financial conglomerate with more than 1 trillion yuan ($138 billion) under management. Now it risks becoming the latest Chinese financial giant to fail.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOut of Options and Money, Argentina Presses the Panic ButtonOutsider Milei Upends Argentina’s Election With P
( 33
min )
(Bloomberg) -- Hawaiian Electric Industries Co., which supplies roughly 95% of the state’s residents with power, traces its roots back to 1891, just a decade after King Kalakaua met Thomas Edison to see the incandescent light bulb. Now, the utility is facing what’s shaping up to be the biggest-ever test over its future. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesTech Giants, Yields Tick Up in Choppy Session: Markets WrapOutsider Milei Upends Argentina’s Elect
( 33
min )
Learn how to lower your income and estate tax bills while building wealth through permanent life insurance.
( 23
min )
Personal loan rates dipped slightly this week to 20.59%, dropping 6 basis points since last week when the average personal loan rate sat at 20.65%.
( 18
min )
Binance Coin (BNB) is the native currency of the Binance exchange which follows the ERC 20 standard.
( 23
min )
U.S. equities slumped, with the S&P 500 tumbling 1.16% on Tuesday, Aug. 15, 2023, amid worries about China's economy and possible Fed rate hikes.
( 17
min )
The European Single Market is an entity created by a trade agreement among participating nations, including the member nations of the European Union.
( 21
min )
The banking sector is weathering impacts from the spring turmoil, but higher credit card debt helped push loan balances higher as consumers borrowed to beat inflation, an FDIC report showed this week.
( 17
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 19
min )
The Atlanta Fed’s GDPNow tracker estimates GDP will grow at an annual rate of 5% in the third quarter after a surprising jump in retail sales.
( 17
min )
Shares of Wheels Up skyrocketed after Delta Air Lines, Certares Management, and Knighthead Capital Management bailed out the private charter jet provider and took control of the firm.
( 17
min )
Shares of Vietnam-based electric vehicle maker VinFast soared on their first day of trading on the Nasdaq after going public through a special purpose acquisition company.
( 17
min )
A mix of federal and state laws protects borrowers from predatory lenders. These laws range from capping interest rates to banning the practice altogether.
( 28
min )
New crypto projects emerge frequently, which makes it even more important to know how to assess the market.
( 27
min )
The Federal Reserve could keep its benchmark interest rate at least at its current level—the highest since 2001—through the end of the year and beyond, said Neel Kashkari, president of the Federal Reserve Bank of Minneapolis.
( 18
min )
The burning-cost ratio is an insurance industry calculation of excess losses divided by the total subject premium.
( 18
min )
Business inventories ticked 0.1% lower in June, extending the downward trajectory they've been on since hitting highs last year as demand slows.
( 17
min )
A mortgage broker is an intermediary who brings mortgage borrowers and mortgage lenders together but does not use its own funds to originate mortgages.
( 24
min )
Last year was the first to show a decrease since 2008, largely driven by losses in the United States, Japan, China, Canada, and Australia.
( 17
min )
With mortgage rates nearly at 7% per Freddie Mac, builder confidence is starting to stumble.
( 17
min )
Appaloosa nearly tripled its stockholdings, buying up large positions across the tech and semiconductor industries while selling off shares of energy firms.
( 18
min )
Bask Bank offers an attractive pair of savings accounts: One is a typical high-yield savings account, but the other earns American Airlines AAdvantage miles. See if Bask Bank makes sense for your money.
( 22
min )
A closed virtual currency is an unregulated digital currency used as payment only within certain virtual communities.
( 18
min )
Charles Schwab savings account interest rates are higher than the national average, and it doesn’t have monthly fees or minimum deposit requirements.
( 21
min )
A major ratings company warned it may downgrade the outlook for more than 70 U.S. banks, including some of the largest institutions, a move that could push interest rates for consumer loans higher.
( 18
min )
A denomination is the stated or face value of financial instruments such as currency, bonds and other fixed-income investments.
( 18
min )
An Abbreviated New Drug Submission (ANDS) is a written request to obtain marketing approval for a generic drug in Canada.
( 18
min )
Chime’s high-yield savings account doesn’t charge a fee or require a minimum deposit. Learn more about Chime savings account interest rates and other features.
( 22
min )
Value investment manager Baupost bought a stake in Amazon.com in the second quarter, despite Amazon's 2023 stock surge that has more than doubled its price-to-earnings ratio.
( 17
min )
Greenlight Capital, the hedge fund of David Einhorn upped its stake in Net Power and added stakes in Onex Corp. and Activision.
( 17
min )
U.S. equities dropped at midday on Tuesday, Aug. 15, 2023, amid concerns about China's economy and a surprise interest rate cut by the country’s central bank, as well as the possibility of more Fed rate hikes in the U.S.
( 16
min )
Shares of Getty Images tumbled to their lowest level since March after the company reported strikes by TV and movie actors and writers are having a negative impact on revenues.
( 17
min )
E*TRADE savings account interest rates can't compete with the best, but high-net-worth individuals can benefit from its higher FDIC insurance coverage.
( 20
min )
Shares of Sea Limited tumbled after the Singapore-based online retail and gaming site missed sales estimates and indicated it plans to increase spending on e-commerce.
( 18
min )
Determining creditworthiness of smaller and medium-sized corporations isn't as easy as for larger companies, but these tips can help.
( 20
min )
SoFi savings account interest rates are above average and the financial services company charges no bank fees—two reasons this savings option is worth considering.
( 21
min )
Industrial conglomerate Esmark offered to buy U.S. Steel for $7.8 billion, shortly after U.S. Steel rejected a $7.25 billion bid from Cleveland-Cliffs.
( 17
min )
Today's top rates on a nationwide money market account are 5.25% from UFB Direct, 5.21% from Republic Bank of Chicago, and 5.05% from All America Bank and Redneck Bank.
( 20
min )
Renting out a portion of your home to help pay the mortgage sounds like a great idea, but it may not work out the way you planned.
( 22
min )
Home Depot beat profit and sales estimates, despite lower revenue as consumers spent less on discretionary purchases, while the boost from a pandemic-era home improvement boom faded.
( 18
min )
Here are some of the factors that determine how consumers change their spending and saving habits in response to changes in interest rates.
( 20
min )
Shoppers continued to buoy the economy in July, as retail sales came in higher than analysts expected Tuesday.
( 17
min )
Investment fund Pershing Square has cut its stakes in consumer stocks, adding to its Alphabet holdings for AI exposure.
( 17
min )
Mortgage rates climbed again, with the 30-year average rising to its highest level in more than five weeks. Rates were up for most loan types, while a few averages were flat.
( 20
min )
Tesla shares slipped after introducing Model X and S versions in the U.S. that cost about $10,000 less and have a shorter driving range.
( 17
min )
When it comes to weighing whether a bank or a credit union would be better for getting a personal loan, the answer will largely depend on your financial circumstances and personal preferences.
( 23
min )
A detailed look at how federal, state, and local governments can use the law of eminent domain to seize private property that is deemed to be necessary for the public good.
( 25
min )
A guardian is an individual who has been given the legal responsibility to care for a child or an adult who does not have the capacity for self-care.
( 21
min )
A conservatorship is when a court appoints someone to manage the financial and personal affairs of an incapacitated person or minor.
( 23
min )
Racketeering typically refers to crimes committed through extortion or coercion. The term is typically associated with organized crime.
( 28
min )
Despite office market woes, commercial real estate loans topped $3 trillion earlier this year, rising in every region and led by community banks.
( 18
min )
Berkshire Hathaway bought up more than $800 million in home construction stocks last quarter while trimming positions in energy, insurance, materials, and healthcare.
( 18
min )
Hedge fund investor Dan Loeb's fund has pivoted further toward AI, slashing a big stake in defensive stocks such as Colgate to buy Amazon, Nvidia, and TSMC.
( 17
min )
In real-life situations, simple interest works in your favor when you're a borrower but against you when you're an investor.
( 20
min )
There are specific factors that affect a country's overall balance of trade and how it is used as an economic indicator.
( 26
min )
A loss adjustment expense (LAE) is an expense associated with investigating an insurance claim. Learn how LAE helps measure a company’s profitability.
( 22
min )
Sovereign defaults, in which a nation can't pay its debts and is technically bankrupt, are actually more common than you think. Learn more about their impact.
( 24
min )
Moody's provides economic analysis software and rates securities based on assessed risk and the borrower's ability to make interest payments.
( 23
min )
Could cryptocurrency technology help to untangle the beleaguered industry?
( 20
min )
Affordable market value (AMV) is the price charged for an apartment building sold through the FDIC’s Affordable Housing Program.
( 23
min )
De storing bij de Nederlandse Loterij, waardoor overgemaakt geld niet in de digitale portemonnee van deelnemers terechtkwam, is weer verholpen. Het overgemaakte geld wordt teruggestort.
( 3
min )
Diverse economen denken dat ons land in het tweede kwartaal net niet in een recessie is beland. Woensdag worden cijfers hierover bekendgemaakt en de verwachting is dat er een kleine groei is geweest.
( 5
min )
Door een storing bij de Nederlandse Loterij verschijnt overgemaakt geld niet in de digitale portemonnee van klanten. Met de zogeheten wallet kunnen deelnemers meespelen met de verschillende spellen van de Nederlandse Loterij.
( 3
min )
YouTube gaat alle video's verwijderen waarin schadelijke of onbewezen kankerbehandelingen worden gepromoot. De videosite heeft dinsdag een nieuw beleid ingevoerd tegen de verspreiding van medische desinformatie.
( 3
min )
Reizigersorganisatie Rover is niet blij met het plan van NS om de treinkaartjes duurder te maken. Volgens de belangenclub dreigt reizen met de trein voor mensen met een smalle beurs onbetaalbaar te worden.
( 5
min )
Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.
( 3
min )
Voor het einde van het jaar zal China meer auto's exporteren dan Japan, verwachten onderzoekers van Moody's. Eerder haalden de Chinezen Duitsland en Zuid-Korea al in.
( 3
min )
Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.
( 3
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.
( 2
min )
De roebel daalt al maanden in waarde en de centrale bank in Rusland probeert daar nu met een stevige rente-ingreep een einde aan te maken. Dat lijkt direct na het besluit ook even te werken.
( 3
min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Energiebedrijf Vandebron gaat klanten met zonnepanelen tot tientallen euro's per maand extra in rekening brengen. Als het aan de Tweede Kamer ligt, wordt de salderingsregeling de komende jaren ook afgebouwd. Vandaag is de stelling: "Door extra kosten wordt het steeds minder aantrekkelijk om zonnepanelen te nemen." Breng je stem uit en discussieer mee.
( 2
min )
Streamingdienst Netflix gaat naast films en series ook games aanbieden. Om de spelletjes op je televisie te spelen, hoef je geen joystick aan te schaffen. Netflix-klanten kunnen hun smartphone als controller gebruiken.
( 3
min )
Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.
( 4
min )
De Chinese economie zit in zwaar weer. De economische groei is zeer laag en er is sprake van deflatie, waarbij prijzen dalen mede doordat consumenten minder uitgeven. De Chinese centrale bank probeert met een renteverlaging voor herstel te zorgen.
( 3
min )
Energiebedrijf Vandebron gaat klanten met zonnepanelen tientallen euro's per maand extra in rekening brengen. Ruim 70.000 klanten gaan meer meebetalen aan de kosten voor het terugleveren van stroom aan het netwerk.
( 4
min )
Commerciële schepen die door het Panamakanaal varen, krijgen te maken met lange wachtrijen en vertragingen als gevolg van een langdurige droogte die het Midden-Amerikaanse land teistert.
( 3
min )
Today's best CD rates are 5.90% from Pelican State Credit Union for two years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
( 20
min )
Advisors can help clients experiencing grief by following these five tips.
( 24
min )
Estimated long-term return is a hypothetical measure that forecasts an investor's expected return over the life of an investment.
( 18
min )
The S&P 500 rose 0.6% on Monday, Aug. 14, 2023, while the Dow and Nasdaq gained as well, as semiconductor stocks boosted the indexes.
( 16
min )
Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.
( 17
min )
Digital art and cryptocurrency enthusiasts may appreciate an NFT gift for the holidays.
( 26
min )
Shares of Hawaiian Electric Industries plunged to their lowest level in more than 13 years on concerns the power company could face liability claims related to the wildfires in Maui.
( 17
min )
Former Apple executive, Peter Stern, will craft new customer experiences at Ford, as the company expands it's electric fleet and self-driving technology.
( 17
min )
Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.
( 17
min )
Check U.S. Bank’s current savings account interest rates, and see how they compare to the top accounts in the market today.
( 20
min )
USAA offers a few different savings accounts, but the rates are relatively low. Compare USAA to top competitors and find the best savings account for your needs.
( 20
min )
It's no longer a free ride, but there are still tax benefits to doing so.
( 19
min )
Swell is Ripple's annual conference for leaders in the cryptocurrency space.
( 22
min )
AMC won court approval for converting its APE shares to common stock to end shareholder litigation and paves the way for the company to raise much-needed capital.
( 17
min )
Completed operations insurance is a term for insurance that covers a contractor's liability once contracted operations cease.
( 17
min )
U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.
( 17
min )
Consumers are the most optimistic about inflation that they've been since April 2021—which could be a good sign for the economy.
( 17
min )
The term "as their interests may appear" (ATIMA) is a standard line in a business insurance plan that covers other parties doing business with the insured.
( 20
min )
Getting a personal loan may seem daunting, but as with so much else, the internet makes it easy. Learn how to get a personal loan online.
( 23
min )
The times-revenue method determines the maximum value of a company as a multiple of its actual revenue for a set period.
( 23
min )
U.S. equities were mixed at midday on Monday, Aug. 14, 2023, ahead of key earnings reports and consumer spending data.
( 17
min )
Shares of Nikola sank after the electric vehicle maker voluntarily recalled 209 of its Class 8 Tre semi-trucks because of potential battery fires.
( 16
min )
If the system is rigged, as Warren sees it, it must be broken and remade. Here's how she plans to.
( 27
min )
U.S. Steel's shares surged on Monday after it rejected an unsolicited offer worth $7.25 billion Cleveland-Cliffs, and said it was reviewing strategic options.
( 17
min )
PayPal shares rose in early trading on Monday after it tapped Intuit's Alex Chriss as its new CEO.
( 17
min )
It's been a job-seekers' market nationwide as the economy has recovered the pandemic, but the number of jobs openings is outstripping the available workers in some states more than others.
( 19
min )
Pink market stocks can increase portfolio returns by large magnitudes in a short time but come with significant risks associated with OTC markets.
( 23
min )
Using more than one financial advisor for money management has its pros and cons.
( 20
min )
Apple supplier Foxconn, the world's biggest contract electronics maker, beat estimates for second-quarter earnings as demand for artificial intelligence infrastructure soared.
( 18
min )
Stocks trading on the OTC Pink Open Market include many good companies waiting to be discovered. Find out more about the OTC's three markets.
( 24
min )
"Pink sheets" is an outdated term used to describe stocks that trade over-the-counter (OTC) in the U.S. rather than on a major stock exchange.
( 26
min )
Tesla shares slid after cutting prices on some models in China, raising concerns about an EV price war.
( 18
min )
A lending facility is used by central banks when lending funds to primary dealers that can conduct business with the U.S Federal Reserve.
( 22
min )
There are many methods used by the government to control inflation; one popular method is contractionary monetary policy.
( 26
min )
Social media sites and apps have helped people around the world to connect and create virtual communities based on common interests.
( 23
min )
Care, custody, or control (CCC) is a liability insurance exclusion that removes indemnification for the insured when a property is in their care.
( 19
min )
Learn about the responsibilities of the International Monetary Fund and its functions regarding the international monetary system's stability.
( 21
min )
Ground-up loss is the total amount of loss covered by an insurance policy. It is an important number to know when choosing plans.
( 19
min )
Het aantal fotografen in Nederland is de afgelopen vijf jaar flink gegroeid. Vooral het aantal vrouwen in de fotografie nam toe.
( 4
min )
Luchtvaartmaatschappij Ryanair moet 400 euro betalen aan passagiers die afgelopen najaar vertraging opliepen omdat een steward te veel alcohol had gedronken.
( 3
min )
Wie met de trein naar bijvoorbeeld Berlijn of Parijs wil, heeft straks meer keus. Volgens een nieuw contact tussen de overheid en het spoorbedrijf rijden er de komende jaren meer treinen op diverse internationale trajecten.
( 4
min )
Big Bazar sluit twintig winkels die verlies maken en wil voor nog twintig winkels huurverlagingen krijgen. Volgens directeur Heerke Kooistra is dat nodig om de koopjesketen "gezond te houden".
( 4
min )
Budgetvlieger Ryanair annuleert maandag en dinsdag 88 vluchten van en naar het vliegveld in de Belgische stad Charleroi vanwege een staking van piloten. Dat meldt de Belgische luchthaven, die doorgaans ook door veel Nederlanders wordt bezocht.
( 3
min )
Hoewel de roebel behoorlijk in de verdrukking zit, werkt Rusland toch aan een digitale variant van de eigen valuta. De digitale roebel wordt vanaf dinsdag voor het eerst in de praktijk getest. De daadwerkelijke invoering moet al in 2025 gebeuren.
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Het Nederlands Forensisch Instituut (NFI) heeft mede dankzij een Europees samenwerkingsproject honderden cryptotelefoons van zware criminelen kunnen kraken. Misdadigers gebruiken zulke telefoons om niet afgeluisterd te kunnen worden.
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Van alle studenten die komend studiejaar recht hebben op een basisbeurs, heeft zo'n 90 procent de beurs inmiddels aangevraagd. Maandag staat de teller op 391.288. Begin juli waren ruim 200.000 aanvragen ingediend.
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Investeringsbedrijf Exor heeft zich voor 15 procent ingekocht bij Philips. De investeerder is in handen van de Italiaanse familie Agnelli, die ook achter onder meer het automerk Fiat en voetbalclub Juventus zit.
( 3
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De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?
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De energiecrisis is nog niet voorbij, waarschuwde een bestuurder van Essent-moederbedrijf E.ON eerder deze week. De energieprijzen zouden bij een koude winter opnieuw kunnen oplopen. Wat kunnen we verwachten?
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President Joe Biden released a statement Monday outlining what the Detroit automakers and UAW should be looking to achieve in a new contract.
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The end of earnings season always offers an opportunity to figure out what lies in store for the following months. With the Q2 results for companies in the energy sector now available, it’s time to look toward the key investment themes ahead in the space. That’s exactly what Goldman Sachs analysts have been doing. While the energy team remains “constructive” on Energy Service companies as a whole, moving forward, they see the “importance of idiosyncratic self-help drivers” as a key theme that wi
( 35
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2023 has been a strong year in US markets thus far with the S&P 500 (INDEX: .INX) up 17%. This has been led by tech giants like Apple Inc (NASDAQ: APPL), up 43.06% YTD, and Meta Platforms Inc, (NASDAQ: FB) up over 143% since the start of the year. But few stocks have done as well as NVIDIA Corp (NASDAQ: NVDA), up a whopping 202.4% YTD. NVIDIA’s success, and that of much of tech, has come from its involvement in artificial intelligence. The company produces “superchips” that underlie the technolo
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Today's best CD rates are 5.90% from Pelican State Credit Union for 2 years, 5.75% from MapleMark Bank for 1 year, and 5.65% from Dow Credit Union for 3 months.
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Berkshire Hathaway also added to its investment in Capital One Financial and eliminated a position in McKesson.
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U.S. Steel previously rejected a cash-and-stock offer from rival Cleveland-Cliffs; Esmark says it will pay $35 a share in cash.
( 28
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Warren Buffett’s Berkshire Hathaway bought roughly $4.6 billion of stocks in the second quarter.
Here are some of the changes the company made to its stock portfolio in the three months through June, according to its latest 13F filing released after the bell Monday.
New Positions:
**D.R. Ho
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Eli Lilly shares hit an all-time high as the drugmaker closed two acquisitions, including one related to the hot market for weight-loss treatments.
( 18
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(Bloomberg) -- He once ended an earnings call with a diatribe calling out a Goldman Sachs Group Inc. analyst by name: “You can run, but you can’t hide.” Three years later, another Goldman analyst was “W-R-O-N-G wrong.” Other targets have been “blind,” “horrible” and embarrassments to their parents. Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOut of Options and Money, Argentina Presses the Panic ButtonTech Giants, Yields Tick Up in Choppy Session: Markets WrapO
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Client attrition after the fallout of the merger between Charles Schwab and TD Ameritrade is still in-line or slightly better than the company's predictions for the year, but Charles Schwab stock continues to disappoint on the charts despite earnings beats.
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Stocks look overpriced relative to corporate profits and risk-free assets like government bonds, and higher interest rates will bite, Gross said.
( 31
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Former Disney CEO Michael Eisner has struck a deal to sell Bazooka Candy Brands to global buyout firm Apax Partners in a deal that values the iconic gum maker at around $700 million including debt.
( 27
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What does the currency’s collapse mean for Vladimir Putin’s ability to wage war?
( 32
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The $40 billion exchange offer for shares of Kenvue expires Friday but brokerage firms want retail investors to make their instructions before then
( 26
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Michael Burry, the money manager made famous in the book and film "The Big Short," held bearish options against the broad S&P 500 and Nasdaq 100 Index at the end of the second quarter, according to securities fillings released on Monday. Burry's Scion Asset Management bought put options with a notional value of $739 million against the popular Invesco QQQ Trust ETF during the quarter, and separate put options with a notional value of $886 million against the SPDR S&P 500 ETF. Michael Lewis' nonfiction book "The Big Short" was released in 2010 and the movie version came out in 2015.
( 31
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(Bloomberg) -- Investors are bailing out of the biggest exchange-traded fund devoted to Treasuries at the fastest pace since markets were hammered during the early months of the pandemic.Most Read from BloombergRussia Calls Emergency Key Rate Meeting as Ruble PlungesOutsider Milei Upends Argentina’s Election With Primary WinBig Tech Back in the Driver’s Seat as Stocks Climb: Markets WrapChina Finance Giant’s Missed Payments Alarm Regulators, MarketsZuckerberg Says ‘Time to Move On’ From Musk Cag
( 31
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The Russian ruble fell to its lowest level in 16 months on Monday morning as the currency continues to take a beating from its invasion of Ukraine.
( 32
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(Bloomberg) -- Argentina devalued the official peso about 18%, an admission by the government that it ran out of options to defend an unsustainable exchange rate amid dwindling reserves after a heavy electoral defeat on Sunday.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Gro
( 31
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AMC Entertainment CEO Adam Aron said a court decision to allow the company’s reverse 1-for-10 stock split was an "absolute imperative" in the wake of the COVID-19 pandemic.
( 31
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President Joe Biden is asking major U.S. automakers and their workers' union to reach an agreement that takes “every possible step to avoid painful plant closings” as the sector transitions to electric vehicles. The president has not yet been by the United Auto Workers as he seeks reelection, despite his broad support from organized labor going into the 2024 campaign. The UAW represents 146,000 workers at Ford, General Motors and Stellantis, which are commonly known as the big three automakers.
( 32
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A “modest number” of advisors who custodied client money at TD Ameritrade moved their business elsewhere, according to Schwab.
( 26
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The United Steelworkers (USW) international president said on Monday that the union supports North American steel producer Cleveland-Cliffs' bid to acquire rival, United States Steel Corp, adding that the company is the best strategic buyer. Cleveland-Cliffs said on Sunday that it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% to U.S. Steel's last closing price. Cliffs went public with its offer after U.S. Steel rejected the bid as being "unreasonable" and instead announced a formal review process, saying the company received multiple bids for parts or all of its business.
( 31
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(Bloomberg) -- PayPal Holdings Inc. named Alex Chriss chief executive officer, tapping a longtime fintech executive with a focus on small businesses to lead the beleaguered payments giant.Most Read from BloombergRuble Plunges Past 100 Per Dollar as Infighting Goes PublicOutsider Milei Upends Argentina’s Election With Primary WinZuckerberg Says ‘Time to Move On’ From Musk Cage FightUS Steel Soars After It Rejects $7.25 Billion Cliffs BidAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ Ma
( 33
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The U.S. stock market showed impressive gains in 2023, and the latest gross domestic product (GDP) figure exceeded expectations. But according to "Rich Dad Poor Dad" author Robert Kiyosaki, the picture might not be as rosy as it appears. "Don't they know the stock market is up because Biden raised debt ceiling. America's debt is going up ... so stock market going up," he wrote in a recent tweet. "America is broke." The author's concern about America's escalating debt was echoed by Fitch Ratings.
( 32
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Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.
( 26
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Intuit executive Alex Chriss will become the president and CEO of digital payments company PayPal next month. Chriss will take over the CEO post from Dan Schulman, who told PayPal's board in February that he planned to retire at the end of the year. Schulman will stay on PayPal's board until its next annual shareholders meeting in May 2024.
( 31
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Nvidia is Morgan Stanley's top stock pick going into earnings, with a price target on the shares that implies another big rally for the chipmaker.
( 26
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Two suburban Philadelphia pharmaceutical companies are set to tie-up in a deal valued at up to $200 million.
( 11
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IBM CEO Arvind Krishna announced a hiring pause in May, but that’s not all. Later that month, the CEO also stated the company plans to replace nearly 8,000 jobs with AI. Krishna noted that back-office functions, specifically in the human resources (HR) sector, will be the first to face these changes. In recent weeks, the company has opened up dozens of positions for AI-based roles to help develop and maintain these systems. See more on startup investing from Benzinga: Until 2016 it was illegal f
( 32
min )
(Bloomberg) -- The ruble crashed through the level of 100 to the dollar for the first time since March last year, as political infighting spilled into public view at a time when Russia’s war in Ukraine drags on and international sanctions throttle the economy. Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightAmerica’s Fastest Growing City Is Embracing ‘Ye
( 33
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The history books show that the 9 months beginning October of a midterm election year prove to be the most consistently profitable spell in the stock market. Given the stock market gains recorded in the 9 months since last October, that trend played out again as expected. It’s a period billionaire Ken Fisher has termed the ‘midterm miracle.’ The nice thing about that timeframe, says Fisher, is that it is usually followed by another strong period, albeit not quite as fruitful. Fisher has a term f
( 34
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Wells Fargo maintains an Underweight rating on Hawaiian Electric stock, and lowers the price target to $25 from $35.
( 26
min )
Alex Chriss will succeed Dan Schulman as chief executive effective Sept. 27, the company said.
( 27
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AMC Entertainment's shares slid 35% on Monday on fears that the approval of a revised stockholder settlement will allow the company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45, levels just before the meme stock mania of January 2021 when retail traders hyped up the stock on online forums like Reddit. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 15% to $2.05.
( 32
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The common shares of the theatre chain operator fell 38% to $3.25 in premarket trading, while its preferred shares rose 18% to $2.09. AMC aims to increase its Class A common stock to 550 million from about 524 million, it said in a regulatory filing. The company would make a settlement payment of one Class A common stock for every 7.5 Class A shares to the entitled shareholders after the reverse stock split.
( 31
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Chesapeake Energy is finally exiting the Eagle Ford Shale in South Texas thanks to a $700 million deal with a Houston-based company.
( 11
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My wife and I are elderly. I have an individual retirement account (IRA) worth about $100,000, and we have a trust set up through our children to protect our assets. If one or both of us have to go into … Continue reading → The post Ask an Advisor: Can a Nursing Home ‘Take Our IRA?' My Wife and I Are Elderly. We Have a $100K IRA and a Trust to Protect Our Assets. appeared first on SmartAsset Blog.
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Paying for a nursing home can seriously deplete your retirement savings. The government-funded Medicaid program can pay some or all nursing home costs, but it's restricted to people of very limited financial means. You may be able to qualify for … Continue reading → The post Does an Irrevocable Trust Protect Assets from Nursing Homes? appeared first on SmartAsset Blog.
( 33
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The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.
( 26
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(Bloomberg) -- Charles Schwab Corp. said it’s experiencing temporarily lower net flows of client money as the brokerage sees attrition of some retail and advisory clients’ assets while it integrates TD Ameritrade into its business.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Share
( 31
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Target is expected to post its first quarterly drop in revenue in about six years when it reports results on Wednesday, as the big-box retailer reels from a shift in consumer spending away from discretionary goods to services. In recent months, consumers have been spending more on services such as travel and entertainment, while cutting down on non-essential purchases including clothing and home goods amid high inflation. "Target is going to suffer more versus the others because they have a much larger consumer discretionary element to their business," Edward Jones analyst Brian Yarbrough said.
( 32
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AMC Entertainment's shares slid 35% in premarket trading on Monday on fears that the approval of a revised stockholder settlement will allow to company to issue more shares to raise capital, a move that will dilute the worth of each common share. The common shares dropped to $3.45 in trading before the bell. The preferred stock units called "APE", which trade at a significant discount to common shares, jumped 27.5% to $2.27.
( 32
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The company announced a voluntary recall of more than 200 of its battery-electric heavy-duty trucks due to the possibility of battery fires.
( 26
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The billionaire Lloyd Blankfein even reportedly offered to come back to the company.
( 32
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The Russian ruble has reached its lowest value since the early weeks of the war in Ukraine as Western sanctions weigh on energy exports and weaken demand for the national currency. President Vladimir Putin’s economic adviser, Maksim Oreshkin, on Monday blamed the weak ruble on “loose monetary policy” in an op-ed for state news agency Tass. Oreshkin said Russia’s central bank has “all the tools necessary” to stabilize the situation and said he expected normalization shortly.
( 31
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Nikola Corp. shares fell in early trading after the manufacturer announced it will recall trucks and temporarily stop sales after several battery fires.
( 31
min )
(Bloomberg) -- It’s a decisive week for investors looking to get involved in Johnson & Johnson’s record split-off of most of its $40 billion stake in Kenvue Inc., the maker of Tylenol and Listerine.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightRuble Sinks to 100 Per Dollar as Sanctions Choke RussiaUS Steel Shares Soar After It Rejects $7.25 Bil
( 33
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Cleveland-Cliffs, the largest flat-rolled steel producer in North America, said on Sunday it offered to buy U.S. Steel in a cash-and-stock deal valued at $35 per share, which represented a premium of 43% premium to U.S. Steel's last closing price. Despite the surge, shares of U.S. Steel were trading well below the offer price at $27.92, indicating some investors believe a deal may not happen at that price.
( 31
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The Charlotte banking veteran, who retired this year, is widely credited for leading Wells Fargo's transformation after its fake-accounts scandal. Here, she talks to CBJ about that process, her 38-year career and retirement plans.
( 17
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Bank of China Ltd, China's fourth-largest lender by assets, has launched a countrywide exercise to reduce the salary gaps among its employees and mid- and high-level managers in response to Beijing's "common prosperity" drive, three sources with knowledge of the matter said. President Xi Jinping launched the common prosperity drive in 2021 as an effort to reduce income inequality, which could threaten long-term economic growth and even the legitimacy of Communist Party rule. The move follows pay cuts being made at investment banks such as China International Capital Corp (CICC).
( 32
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The company has agreed to offload about 42,000 net acres and about 540 wells of its Eagle Ford asset located in Dimmit and Webb counties, along with related property, plant and equipment. In February, the gas producer agreed to sell a portion of its Eagle Ford asset to INEOS Energy for $1.4 billion.
( 31
min )
U.S. Steel rejects Cleveland-Cliffs bid and explores options, retailers reporting earnings, and other news to start your day.
( 26
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It's all about stock dilution. A court ruling paves the way for APE units to be converted into common AMC stock, diluting the float.
( 27
min )
Toyota Tundra and Tundra Hybrid vehicles, and Chrysler Jeep Wagoneer and Grand Wagoneer cars among 270,000 vehicles recently recalled.
( 34
min )
(Bloomberg) -- About three years after Texas oil producer Denbury Inc. emerged from bankruptcy, four top executives are set to collect the final installment of a $121.5 million post-reorganization pay deal that rivals some of the industry’s most generous compensation packages.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaZuckerberg Says ‘Time to Move On’ From Musk Cage FightGoldman Pencils In Firs
( 34
min )
The industry’s wartime windfall is dwindling.
( 21
min )
The European medical-technology supplier is starting to emerge from a torrid period marked by the recall of machines for treating sleep apnea.
( 26
min )
Bitcoin is seeing a period of historically low volatility. The absence of movement despite catalysts is beginning to look troubling to analysts.
( 26
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Foxconn’s results mirror those of Apple’s most recent numbers, which showed a drop in iPhone and iPad sales.
( 26
min )
The company, which was built by Andrew Carnegie and J.P. Morgan, might not be independent for much longer.
( 32
min )
U.S. Steel rejects an unsolicited buyout offer from rival Cleveland-Cliffs, Tesla again cuts prices in China, and AMC stock tumbles after a court approves the movie-theater chain's revised stock-conversion plan.
( 27
min )
(Bloomberg) -- Hon Hai Precision Industry Co. now expects 2023 sales to fall after previously forecasting flat revenue, sounding a warning about demand for the devices it makes for Apple Inc. and other global firms.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a
( 32
min )
(Bloomberg) -- Trading in European stocks was muted on Monday as investors weighed signs of trouble in the Chinese property market before turning their attention to Federal Reserve policy minutes later in the week.Most Read from BloombergOutsider Milei Upends Argentina’s Election With Primary WinAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a W
( 31
min )
(Bloomberg) -- The Agnelli family’s Exor NV bought a minority stake in Dutch medical technology company Koninklijke Philips NV.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaOutsider Milei Upends Argentina’s Election With Primary WinGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Zuckerberg Says ‘Time to Move On’ From Musk Cage FightThe Fed Is Playing a Waiting Game to Try to Avoid a RecessionExor, a holding company, bought a 15% stake in P
( 31
min )
(Bloomberg) -- China’s State Council released a plan to further attract foreign investment and improve the business environment, including tax and visa measures, as it seeks to bolster the flagging economy. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidChina aims
( 31
min )
The rouble fell past 100 per U.S. dollar on Monday just as President Vladimir Putin's economic advisor said Russia was interested in a strong rouble and said that loose monetary policy was the main reason behind the Russian currency's weakening. The rouble fell to 100.35 roubles against the U.S. dollar in early trade. "The current exchange rate has deviated significantly from fundamental levels, and its normalization is expected in the near future," Putin's economic advisor Maxim Oreshkin told TASS news agency.
( 30
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(Bloomberg) -- Country Garden Real Estate Group Co Ltd. said it will suspend trading in nearly a dozen onshore bonds starting Monday, two days after the Chinese real estate company’s controlling shareholder said it would report a multi-billion-dollar loss for the first half of this year.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsoli
( 32
min )
Asian stock markets tumbled Monday after stronger U.S. inflation revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.4%. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.
( 34
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Caterpillar and DuPont are among the big companies that are lowering their expectations for a postpandemic boom.
( 27
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It's been a nervy start to the week in Asia as concerns about China's debt-laden property sector take a toll on stocks and the yuan, which hit its lowest in a month despite a strong fix from the PBOC. Chinese blue chips lost 1.1%, on top of a 3.4% decline last week. One month of negative consumer prices is not really deflation, which is defined as a sustained fall in the price level across an economy.
( 31
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The market cap of TrueUSD has more than doubled since March, but some investors are concerned about its opaque ownership structure.
( 27
min )
(Bloomberg) -- Tesla Inc. rolled out a new round of price cuts in China, sending auto stocks tumbling on concerns the move will respark a bruising price war that had showed signs of abating. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024Outsider Milei Upends Argentina’s Election With Primary WinUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Playing a Waiting Game to Tr
( 32
min )
(Bloomberg) -- Tesla Inc. has cut the price of its two higher-end Model Y vehicles in China by 14,000 yuan ($1,900) in the latest salvo in a bruising price war. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe electric vehicle maker cut the price of its Model
( 31
min )
Asian stock markets tumbled Monday after mixed U.S. economic data revived worries the Federal Reserve might hike interest rates again. Hong Kong's main market index plunged 2.3% and Shanghai, Tokyo and Sydney also fell. Wall Street's benchmark S&P 500 index slipped 0.1% on Friday after government data showed producer price inflation accelerated in July.
( 34
min )
(Bloomberg) -- One of China’s largest private wealth managers is triggering fresh anxiety about the health of the country’s shadow banking industry after missing payments on multiple high-yield products.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidThe Fed Is Play
( 33
min )
(Bloomberg) -- Hedge funds turned the most bullish on the Australian dollar than they’ve been at any point this year, just before concerns over a slowing Chinese economy pummeled the currency.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsUS Steel Starts Review as It Spurns $7.25 Billion Cliffs BidLeveraged funds’ Aussie po
( 31
min )
(Bloomberg) -- China’s benchmark stock index is set to erase all of the gains it made since a key political meeting was held in late July as the economy struggles to gain momentum and optimism over stimulus wanes. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowT
( 30
min )
U.S. bank Citigroup has completed the sale and migration of its Taiwan consumer businesses to Singapore's DBS Group, it said on Monday. The now transferred retail business includes retail banking, credit card, mortgage and unsecured lending businesses, as well as the transfer of close to 3,000 employees. Citi's institutional business in Taiwan was excluded from the sale.
( 31
min )
HONG KONG (Reuters) -Shares of China's Country Garden plunged more than 12% on Monday morning after the real estate company suspended trading in 11 of its onshore bonds from Monday. Markets are jittery as more developers default on bond payments amid no signs of stronger support measures from Beijing. Country Garden last week missed payments of two dollar bond coupons due on Aug. 6 totalling $22.5 million, confirming market fears that the developer was slipping into repayment troubles.
( 31
min )
Bitcoin dipped slightly, having hovered around the $29,380 level throughout the weekend. Ether and most other top 10 crypto were little changed.
( 33
min )
United States Steel Corp. said Sunday that it rejected a $7.3 billion buyout proposal from rival Cleveland Cliffs and was reviewing “strategic alternatives” after receiving several unsolicited offers. Pittsburgh-based U.S. Steel said it rejected the offer because Cleveland-Cliffs was pushing it to accept the terms without being allowed to conduct proper due diligence.
( 32
min )
Here's why Cleveland-Cliffs wanted to buy US Steel.
( 15
min )
(Bloomberg) -- Asian equities were set to fall on Monday after shares on Wall Street capped off a poor week on a down note and as China’s worsening property slump damps market sentiment.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowFutures for stocks in Austral
( 33
min )
Asian shares struggled on Monday ahead of China data that is likely to amplify the case for serious stimulus even as Beijing seems deaf to the calls, while rising Treasury yields pressured sky-high valuations on tech stocks and underpinned the dollar. MSCI's broadest index of Asia-Pacific shares outside Japan eased another 0.2%, after shedding 2% last week. Japan's Nikkei was off 0.1%, though exporters have drawn support from the weak yen.
( 32
min )
(Bloomberg) -- Foreign investors are losing interest in China, and hedge funds that target the world’s second-biggest economy are paying the price.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowThe number of active China-focused hedge funds has slipped for the f
( 33
min )
(Bloomberg) -- Gas is back as a risk to the global economy with potential strikes in major producer Australia threatening to shatter the fragile balance of global supplies -- and send consumer bills rising once more.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish Shado
( 33
min )
(Bloomberg) -- Oil edged lower after capping seven weeks of gains — the longest rally since mid-2022 — driven by signs of a tightening market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaGoldman Pencils In First Fed Rate Cut for Second Quarter of 2024US Steel Explores Strategic Alternatives After Getting Unsolicited BidsBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowWest Texas Intermediate fell below $83 a barrel following the 20% surge i
( 31
min )
PLUS: The tragicomedy of Sam Bankman-Fried continued on Friday with the revocation of his bail. Even before the decision, CoinDesk columnist David Morris explained why the decision was predictable.
( 33
min )
Cleveland-Cliffs disclosed Sunday afternoon that it had made an offer for United States Steel Corp. that was rejected by the Pittsburgh-based company's board. Cleveland-Cliffs said it was still willing to engage in talks to reach a merger agreement.
( 11
min )
Plug Power will borrow up to $1.5 billion over the next 18 months as the Latham manufacturer focuses on expanding its network of hydrogen generation plants.
( 10
min )
Boosted by the AI craze, it’s been a vintage year for tech stocks, but the summer season is proving to be a bit shakier so far. Since mid-July, the trend has been down, with the tech-heavy NASDAQ shedding ~5%. This naturally raises the question: should we be ringing the alarm bells due to this shift? Not at all, says Wedbush’s Daniel Ives, a 5-star analyst rated in the top 2% of the Street’s stock pros. Ives believes that the new bull market is simply taking a breather, and he asserts that the p
( 34
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The steel company built by Andrew Carnegie and J.P. Morgan might not be independent for much longer.
( 26
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(Bloomberg) -- Cleveland-Cliffs Inc. said it made a bid to purchase United States Steel Corp. in a cash and stock deal as it looks to create one of the world’s largest steelmakers.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowUS Steel Explores Strategic Alternatives After Getting Unsolicited BidsDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose
( 31
min )
Hedge fund legend Ray Dalio and economist Nouriel Roubini are among commentators who have warned of a full-blown debt crisis headed for the US.
( 33
min )
All eyes were on San Francisco this week as critics and supporters of deploying self-driving cars on public roads awaited a vote from the California Public Utilities Commission. Tl;dr: it was a win for the autonomous vehicle industry. If you haven't been following, the CPUC approved the last remaining permits to Cruise and Waymo, giving the two companies the green light to offer commercial robotaxi services across San Francisco 24 hours a day, seven days a week.
( 34
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(Bloomberg) -- Goldman Sachs Group Inc. economists anticipate the Federal Reserve will start lowering interest rates by the end of next June, with a gradual, quarterly pace of reductions from that point.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowDavid Solomon Scrutiny Spreads From Goldman to Alma MaterHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for
( 31
min )
We'll see earnings from Walmart, Ross Stores, Applied Materials, Cardinal Health, and others. Economic data for the week will include Fed minutes, retail sales, and housing figures.
( 27
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(Bloomberg) -- United States Steel Corp. says it is initiating a formal review of strategic alternatives after it received “multiple unsolicited” proposals.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesLook to the Options Market for Signs of Stock Market TroubleThe proposals rang
( 31
min )
The decision follows the company "receiving multiple unsolicited proposals that ranged from the acquisition of certain production assets to consideration for the whole company," CEO David Burritt said, without disclosing more details on the strategic alternatives. U.S. Steel, which has been raising prices to offset the impact from higher costs related to raw materials and energy, has seen strong demand for its steel products helping the company beat profit estimates for the second quarter.
( 31
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On Friday, the average 30-year fixed mortgage rate jumped to 7.19%. But where will it go next?
( 32
min )
(Bloomberg) -- Saudi Arabia has completed an early purchase of more than 35.7 billion riyals ($9.5 billion) of outstanding debt and will issue about 35.9 billion riyals in sukuk as the kingdom plans to bolster its domestic market.Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowLook to the Options Market for Signs of Stock Market TroubleHac
( 30
min )
(Bloomberg) -- Bitcoin ETF candidates got another dose of disappointment when US regulators on Friday punted on making a decision on such a product. But the next time they hear from them might be just a few weeks away. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowHackers Trick
( 32
min )
Yes, it was a dumb move if you think short term. But long term, it still seems like a good bet.
( 26
min )
Inflation has begun to cool, and that may translate to some assets. The Treasury's Series I Bonds, or " I bonds," are no longer the prized savings tool they were 12 months ago. As cost increases slowed over the past year as Federal Reserve raised interest rates, it was inevitable that this inflation-tied asset would […] The post The Series I Bond Frenzy is Dying Down. Is Now the Time to Cash Out? appeared first on SmartReads by SmartAsset.
( 32
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Building wealth is one thing. Feeling comfortable is another entirely.
( 32
min )
An irrevocable trust is a legal entity that cannot be altered, amended or revoked after its creation. Irrevocable trusts are typically established to protect assets from creditors, benefit the beneficiaries and minimize estate taxes. But there are circumstances that warrant the termination of an irrevocable trust like when its purpose is fulfilled or its assets […] The post Tax Consequences of Terminating an Irrevocable Trust appeared first on SmartReads by SmartAsset.
( 33
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With the second-quarter earnings season coming to a close, companies have exceeded analysts’ estimates at a greater rate than usual. Yet investors aren’t rewarding positive surprises.
( 25
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(Bloomberg) -- The old playbook of selling emerging-market bonds when Treasury yields spike is being upended by the positive dynamics favoring developing-nation debt. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesBond Market Sees No End to Tumult as Fed Casts a Hawkish ShadowEmergin
( 32
min )
Calpers scooped up volatile stocks including game firm Roblox, EV maker Lucid, and PC manufacturer HP in the second quarter. It cut back on Intel.
( 26
min )
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Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.
( 19
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Retailers Home Depot, Target and Walmart will headline the companies slated to report quarterly results this week. Mortgage applications data will also be released.
( 32
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Most investors know that stocks follow earnings. That’s a fact.
( 32
min )
Kroger, Giant Eagle and other grocers expand their prepared meals. Meanwhile, Chipotle, Taco Bell and other restaurants aim to defend their turf.
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min )
More vacationers are getting it as severe weather and other threats put expensive trips at risk.
( 26
min )
Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet.
( 23
min )
(Bloomberg) -- Freezing winter weather seems a remote concern as Europe swelters, but traders and strategists got a reminder last week of the continent’s fragile energy security and bond-market risks. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesMaui Now Looks a Lot Less Like Parad
( 33
min )
Berkshire is due to release its quarter 13-F filing Monday the make-up --and any changes -- in its $350 billion equity portfolio in the second quarter.
( 27
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Investing.com -- Here is your weekly Pro Recap of the past week's biggest headlines in the electric vehicle space: VinFast joins EVs trading in U.S.; Mullen’s reverse stock split; and UAW talks get heated.
( 33
min )
More than 800,000 homeowners face a double mortgage rate shock as the Bank of England warns interest rates will stay high for years.
( 31
min )
On a mild September day in 2015, a man walked into Walsall shopping centre in the West Midlands and headed straight for the local NatWest branch.
( 37
min )
Signs of economic strength are bringing new scrutiny to the inverted yield curve.
( 21
min )
Country risk premium (CRP) is the additional return or premium demanded by investors to compensate them for the higher risk of investing overseas.
( 25
min )
The Department of Housing and Urban Development is responsible for the living conditions of millions of Americans.
( 21
min )
There are a few theories on the origin of the abbreviations used for debit (DR) and credit (CR) in accounting. Here's an overview of the terms.
( 22
min )
Frictional and structural unemployment are two different types of unemployment that occur in an economy. Frictional unemployment occurs when workers search for jobs.
( 21
min )
Dive into game theory and the Nash equilibrium, and learn why the equilibrium assumptions about information are less important with a dominant strategy.
( 20
min )
An accelerated death benefit (ADB) allows a life insurance policyholder advances against the death benefit if diagnosed with a terminal illness.
( 20
min )
Variable life insurance is a permanent life insurance product with separate investment accounts, and often offers flexibility regarding premium remittance and cash value accumulation.
( 22
min )
Licensed for reinsurance only means a company can provide services specifically related to reinsurance in the state that has granted the license.
( 19
min )
Learn about the different depreciation and amortization rules pertaining to leasehold improvements for tax basis and GAAP financial statements.
( 19
min )
Vacant home insurance protects homes that aren’t being lived in. Here’s what vacant home insurance is, how it works, if you need it, and what it covers.
( 23
min )
Most home renovation projects fail to pay for themselves at resale; savvy homeowners learn how to choose the upgrades that really add value.
( 25
min )
A PPO is an arrangement with an insurance company in which a network of medical professionals and facilities provide services at reduced rates.
( 23
min )
Government assistance programs are in great demand when there is high unemployment or low wages. Learn what’s available, how to qualify, and where to apply.
( 42
min )
A special needs child is one that requires extensive medical, educational, or emotional support.
( 24
min )
Interest rates in many nations are at record low levels. We look at the five nations with the lowest rates.
( 20
min )
Most Value at Risk models assume away extremely high levels of volatility. This makes VaR particularly poorly adapted, yet well-suited, for stress testing.
( 19
min )
See why aggregate demand and gross domestic product (GDP) aren't necessarily the same, according to Keynesian macroeconomic theory.
( 19
min )
Barstool Sports founder Dave Portnoy bought back his company for $1 from Penn Entertainment, as Penn Entertainment sold 100% of outstanding Barstool shares to Portnoy after signing a deal with ESPN to rebrand their existing sportsbook, without Barstool. Portnoy has a net worth of $100 million.
( 18
min )
An ETF is a good way to get broad exposure without taking on specific risk, but calculating performance may be a bit tricky.
( 21
min )
Fitch is an international credit rating agency based out of New York City and London that investors often use to make investing decisions about stocks and bonds.
( 21
min )
Learn about moral hazard, how it can affect outcomes and how it contributed to the conditions that led to the 2008 financial crisis.
( 18
min )
Customers opt for pricing over brand names but Amazon's scaling back its private label operations even as other retailers such as Walmart and Costco continue to derive value.
( 18
min )
Tapestry, Inc. (TPR) the parent company of brands such as Coach and Kate Spade, has acquired Capri Holdings Limited (CPRI), home to brands Versace, Jimmy Choo, and Michael Kors, in a deal worth about $8.5 billion. Here are some of the lesser known parent brands of the world's biggest luxury brands.
( 19
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A blanket honesty bond is a fidelity bond that protects employers from losses due to dishonest acts of employees.
( 19
min )
Business liability insurance protects a company and/or business owner in the event of a formal lawsuit or any third-party claim.
( 21
min )
A cut-through clause is a reinsurance provision that lets a party, other than the ceding company and reinsurance company, have rights under the agreement.
( 19
min )
The sales comparison approach is an appraisal method that compares real estate to other properties with similar characteristics.
( 24
min )
The credit market is where investors buy bonds and other credit-related securities. It is also where governments and corporations raise funds.
( 22
min )
Je gebruikt misschien (nog) een platte telefoon, maar vouwtelefoons worden elk jaar beter. Dat bewijst Samsung met de Galaxy Z Flip 5, die uitblinkt met een nieuw scharnier en een groter scherm op de voorkant.
( 7
min )
De Chinese overheid probeert China aantrekkelijker te maken voor buitenlandse investeerders en wil het ondernemingsklimaat verbeteren, staat in een nieuw rapport van de regering.
( 3
min )
Dagattracties in Nederland hebben het een stuk drukker gekregen nu het weer zonnig is. "Het is zomerdrukte. Eindelijk regent het niet meer en dat merken we wel", zegt een woordvoerder van de Efteling.
( 3
min )
Particuliere beleggers die geld hebben verloren na de overname van Credit Suisse door bankconcern UBS spannen een rechtszaak aan. Ze proberen de uitkoop aan te vechten bij de rechter, meldt Financial Times zondag.
( 3
min )
Particuliere beleggers die geld verloren na de overname van Credit Suisse door bankconcern UBS in maart spannen een rechtszaak aan om de uitkoop aan te vechten, meldt Financial Times zondag.
( 3
min )
Project, een grote Duitse vastgoedontwikkelaar, heeft faillissement aangevraagd. Daardoor komen meerdere miljardenprojecten verspreid over Duitsland stil te liggen.
( 3
min )
(Bloomberg) -- Across Wall Street, there’s growing relief that the Federal Reserve — at long last — may be done raising interest rates. But that doesn’t mean turbulence in the bond market will soon become a thing of the past. Most Read from BloombergDavid Solomon Scrutiny Spreads From Goldman to Alma MaterMaui Now Looks a Lot Less Like ParadiseLook to the Options Market for Signs of Stock Market TroubleBankman-Fried in Custody After Bail Is Revoked Over LeaksInvestors anticipate that US Treasuri
( 33
min )
Nikola is recalling about 209 of its battery-powered commercial trucks after an outside investigation indicated a defective battery part likely caused a fire in one of the trucks.
( 27
min )
A.I. "is turning out to be the missing piece in a large number of important, almost-completed puzzles," said the Y Combinator cofounder.
( 31
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Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.
( 22
min )
Just when you thought inflation is going down, the cost of food, fuel, mortgage rates and credit card debt has gone up, eating away Americans' wallets.
( 32
min )
Consumer bitcoin provider Azteco recently announced an $84 million seed funding round led by Jack Dorsey as the company introduces Bitcoin gift cards.
( 32
min )
Yieldstreet owns around 700 homes. But it hasn't bought any homes in 2023.
( 33
min )
NEW DELHI (Reuters) -India's Adani Ports on Saturday said Deloitte's reasoning to quit as auditor of the company was "not convincing or sufficient to warrant such a move" and the global firm had all the necessary information it required to conduct the process. Deloitte had decided to resign from the role amid concerns over certain related party transactions flagged in a report by U.S. short seller Hindenburg in January, but the Indian company did not wish to look into them independently, a source told Reuters on Friday. The auditor's resignation has brought fresh scrutiny of the financial management at Adani Group, led by Indian billionaire Gautam Adani.
( 32
min )
As natural disasters like the fires in Maui, Hawaii, inflict more damage on homes and properties, people are looking to protect against potential losses. That means brisk business for insurers—and opportunities for investors.
( 26
min )
Depending on your goals and plans, $3 million can be enough to cover early retirement at 40. However, certain factors will affect whether $3 million is enough. For example, your retirement needs and life expectancy play a big role. Here's … Continue reading → The post Is $3 Million Enough to Retire at 40? appeared first on SmartAsset Blog.
( 32
min )
If you have $5 million saved and are thinking of retiring at 45, the good news is you can certainly do so. The bigger question is how you'll need to plan your retirement around that amount and your early retirement … Continue reading → The post Can I Retire at 45 with $5 Million? appeared first on SmartAsset Blog.
( 33
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The existence of fiduciary duty does not prevent potential conflicts of interest. Could you explain a little more about this idea? What types of conflicts could arise even with a fiduciary? – Marianne Finding a fiduciary is a great start … Continue reading → The post Ask an Advisor: What Conflicts of Interest Can Arise Even With a Fiduciary? appeared first on SmartAsset Blog.
( 33
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Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.
( 19
min )
The good news for retirement savers using 401(k) plans and similar workplace retirement accounts is that the improving stock market is raising account balances. The average 401(k) is up by an average of $7,250 – a gain of 9.6% – since the end of 2022, according to a Bank of America report. The report also […] The post Here’s How Much Americans’ 401(k) Balances Have Grown in 2023. Is Yours Keeping Pace? appeared first on SmartReads by SmartAsset.
( 33
min )
Artificial intelligence will transform advising, and will be used for everything from constructing more efficient portfolios to answering client questions.
( 26
min )
Ufuk Akcigit and Sina Ates wrote a paper in 2019 that tracked four decades of economic decline in the U.S. The problems haven't gone away.
( 36
min )
Another bucket of cold water threatens the once-hot trend of amateur day trading.
( 26
min )
Washington has laid the seeds of a crisis that Wall Street can no longer ignore.
( 25
min )
The chief financial office’s move to step down is the latest example of high-level churn at the electric-vehicle company.
( 27
min )
Despite month after month of falling prices, the housing market has so far avoided the most pessimistic forecasts for a market crash.
( 33
min )
Two ageing French billionaires sit atop the global luxury market: Bernard Arnault and François Pinault.
( 34
min )
Rising home values and higher mortgage rates have eroded the savings on monthly costs for many who are considering buying now.
( 27
min )
Investors are again pouring money into meme-focused cryptocurrency Shiba Inu (SHIB) in a sign of caution for bitcoin traders. Open interest in Binance's SHIB futures has more than doubled to $101.65 million this month, hitting the highest since Feb. 5, according to data source Coinglass. SHIB futures are sized at 1000 SHIB per contract with up to 25x leverage.
( 30
min )
The wait-and-see attitude of home buyers is deepening the slump and complicating policy makers’ attempts to revive economic growth.
( 26
min )
China’s share of U.S. imports hits a 20-year low, with Mexico and Canada becoming America’s top two trade partners.
( 27
min )
U.S. Senator Cynthia Lummis (R-Wy.), a number of crypto lobbying organizations and a group of professors called on a federal court to dismiss a Securities and Exchange Commission (SEC) lawsuit against crypto exchange Coinbase Friday.
( 33
min )
AI hype drove huge gains among some tech stocks in the first half of 2023. Lately, that has gone into reverse.
( 31
min )
(Bloomberg) -- China’s lapse into deflation is emerging as the latest risk for its struggling stock market, denting investor optimism over a much-anticipated earnings rebound. Most Read from BloombergAmerica’s Fastest Growing City Is Embracing ‘Yellowstone’ ManiaDavid Solomon Scrutiny Spreads From Goldman to Alma MaterLook to the Options Market for Signs of Stock Market TroubleMaui Now Looks a Lot Less Like ParadiseHackers Trick AI With ‘Bad Math’ to Expose Flaws and BiasesThe CSI 300 Index just
( 32
min )
A credit rating is an assessment of the creditworthiness of a company or government—in general terms or with respect to a particular debt or financial obligation.
( 27
min )
Credit risk is the possibility of loss due to a borrower's defaulting on a loan or not meeting contractual obligations. Learn how it works.
( 24
min )
HO5 insurance, a type of home insurance, covers everything and will put the onus on your insurance provider.
( 24
min )
XRP's role in Ripple's ecosystem is confusing, causing many to quickly lose interest in its utility and invest elsewhere. Here's an explainer of its role.
( 22
min )
Abstract of Title is the summarized historical legal record of a piece of property.
( 18
min )
The question of whether to buy or rent in the San Francisco Bay Area is a tough one because both options are pricey. Here we discuss how to decide.
( 24
min )
Learn the eligibility requirements to get an interest-free loan for home improvement projects from your county's housing agency.
( 22
min )
A reinstatement clause is an insurance policy clause that states when coverage terms are reset after the insured files a claim.
( 18
min )
Eviction is the process by which a landlord can remove a tenant from a rental property. It typically involves court proceedings but governments offer some protections.
( 25
min )
Casino operator Wynn Resorts (WYNN) capitalized on a surge in tourism and retail spending at its resorts in Las Vegas and Macau that boosted the company's second-quarter earnings.
( 17
min )
News this week that consumer prices in China fell 0.3% from the year before set off alarm bells because deflation can devastate economies.
( 17
min )
Annual Renewable Term insurance is term life insurance with a guarantee of future insurability for a set period of years on a renewable basis.
( 20
min )
In de serie Koplopers bezoekt NU.nl deze zomer duurzame projecten die ons een kijkje in de toekomst van energie, warmte en (land)bouw geven. Deze week: hoe een rijksmonument in Amsterdam groen en gasloos werd.
( 5
min )
Verschillende grote muziekmaatschappijen hebben de non-profitorganisatie Internet Archive aangeklaagd omdat die het auteursrecht zou hebben geschonden door duizenden oude muzieknummers en -opnames online te zetten.
( 3
min )
Waar de prijzen in Nederland al een jaar omhoogschieten, was er in China in juli voor het eerst in meer dan twee jaar sprake van dalende prijzen. De angst voor die deflatie neemt toe. Waarom is dat een probleem?
( 4
min )
De van fraude verdachte oprichter van de failliete cryptobeurs FTX, Sam Bankman-Fried, is opnieuw gearresteerd. Hij was op borgtocht vrij, maar een rechter heeft de borgtocht vervroegd ingetrokken.
( 3
min )
Bij een vakantie in eigen land hoef je niet te vrezen voor kostbare terugvluchten of een hoge medische rekening. Daarom kun je denken dat een reisverzekering niet nodig is. Sluit je dan alleen nog een polis af voor je bagage?
( 6
min )
Standard & Poor's (S&P) is globally known for its variety of investable, benchmark financial indices, along with its independent credit ratings.
( 26
min )
Get to know the relationships that determine a bond's price and its payout.
( 27
min )
Credit agencies gather debt information that is used to generate a score that indicates creditworthiness.
( 21
min )
Retired securities have been repurchased by the issuer out of the company's retained earnings and canceled.
( 19
min )
An administrative charge is charged by an insurer to cover expenses related to record keeping and/or other administrative costs.
( 18
min )
Comprehensive insurance is car insurance that covers damage to your car from causes other than a collision. Learn about comprehensive insurance costs.
( 24
min )
Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.
( 19
min )
Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
( 18
min )
Associate in Insurance Services (AIS) is a designation earned by insurance professionals and conferred by The Institutes.
( 18
min )
Former FTX CEO Sam Bankman-Fried had his bail revoked and was sent to jail ahead of his October criminal trial for alleged witness tampering.
( 18
min )
The Consumer Price Index (CPI) measures change over time in the prices paid by consumers for a representative basket of goods and services.
( 33
min )
U.S. equities were mixed, with the S&P 500 losing 0.1% on Friday, Aug. 11, 2023, after a higher-than-expected rise in producer prices.
( 16
min )
Shares of Occidental Petroleum advanced after the U.S. Department of Energy chose the energy company to receive hundreds of millions of dollars in grants for a carbon capture project.
( 17
min )
Inflation is a decrease in the purchasing power of money, reflected in a general increase in the prices of goods and services in an economy.
( 38
min )
Reverse mortgages can provide income for retirement. Learn what can make you ineligible for one and what some of the alternatives are.
( 22
min )
News Corp shares climbed after the company posted better-than-expected results on cost-cutting moves, and said artificial intelligence would help boost future results.
( 18
min )
Small businesses can be nimble and innovative, but larger companies have name recognition, can raise capital, and have other advantages that are hard to beat.
( 19
min )
Surplus lines insurance policies offer coverage for risks that regular insurance companies don’t want to take on.
( 21
min )
Single-premium life insurance charges the policyholder just one lump-sum premium payment to guarantee the death benefit.
( 21
min )
A shortage of homes for sale boosted housing values in June to a record $46.8 trillion, surpassing last year's previous all-time high of $46.6 trillion. In more affordable markets, the typical home still sells for below the national median of $426,056.
( 18
min )
The SEC has announced they have delayed a decision on ARK Invest's bitcoin ETF application in an effort to gather more comments from the public.
( 17
min )
Net premiums written is the sum of premiums written by an insurance company over time, minus premiums ceded to reinsurance, plus any reinsurance assumed.
( 19
min )
A capital stock insurance company is an insurer that gets capital from stockholder contributions, in addition to other reserve or surplus accounts.
( 19
min )
Flying in the U.S. is now 10% lower than pre-pandemic prices and air travel demand is up 12% from the same time last year.
( 17
min )
Marginal propensity to consume (MPC) is how much more individuals will spend for each additional dollar earned. Here's how to calculate MPC.
( 24
min )
Despite being followed so relentlessly, the consumer price index (CPI) has its limitations and is an imperfect measure of inflation and the cost of living.
( 23
min )
Here’s a look into the importance of microeconomics and how individuals use this theory in the case of leasing an apartment from a landlord.
( 21
min )
Shares of Maxeon Solar Technologies plunged after the company reduced its outlook because of a decline in demand for solar products.
( 17
min )
Markets were mixed at midday on Friday, Aug. 11, 2023 after the Labor Department's latest report on wholesale inflation showed producer prices rose more than expected last month.
( 17
min )
KZT is an abbreviation for the Kazakhstan tenge (KZT), the currency of Kazakhstan.
( 18
min )
Find out what real estate agents are likely to lie about, the reasons for the lies, and how to protect yourself from unscrupulous agents.
( 20
min )
The University of Michigan's Consumer Sentiment Index fell 0.6% to 71.2 in August from 71.6 in July.
( 18
min )
The Consumer Price Index For All Urban Consumers measures monthly change in U.S. consumer prices.
( 23
min )
Crypto trading platform Bittrex, that shuttered its U.S. operations earlier this year, will pay $24 million to settle SEC charges for running an unlicensed exchange, broker, and clearing agency.
( 19
min )
Swiss megabank UBS has agreed to voluntarily end a $10 billion backstop used to cover potential losses from its merger with Credit Suisse.
( 17
min )
The Family and Medical Leave Act is sparse and makes the U.S. one of the only countries that has no mandated form of paid leave for new parents.
( 25
min )
Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.
( 17
min )
Alphabet's Waymo and General Motor's Cruise received regulatory approval to expand their robotaxi services to offer driverless ride-hailing services 24/7 across San Francisco.
( 17
min )
Archer Aviation will team up with Boeing for autonomous flying technology after ending litigation, as the startup prepares to grow with an FAA nod for test flights and another $215 million in funds from investors.
( 18
min )
While a strong U.S. dollar benefits some, it negatively impacts others. These are the advantages and disadvantages of a strong U.S. dollar, and who gains and loses.
( 22
min )
The factors of production are the resources used in creating and producing a good or service and are the building blocks of an economy. Learn why they're important.
( 23
min )
Here is how the Shell Fuel Rewards Card works including where and how to apply, where it can be used, interest rates and fees charged, and the rewards and benefits involved.
( 22
min )
Learn how the law of supply and demand affects prices, whether supply remains the same and demand increases or vice-versa, plus the exceptions to the rule.
( 24
min )
Elasticity and Inelasticity of demand are the degrees to which demand changes in response to price changes, income levels, and substitution.
( 24
min )
The costs of attending NYU—including paying NYU’s tuition bills—are above average, even for private universities. But research shows it's a wise investment.
( 24
min )
A unit linked insurance plan (ULIP) is an investment product that provides insurance payout benefits.
( 23
min )
The International Institute for Management Development is one of the top graduate business schools in the world, located in Lausanne, Switzerland.
( 22
min )
As stocks sink into an August malaise, it’s time to think about what could go right for investors.
( 26
min )
Shares of movie-theater chain sink late Friday as settlement clears plan to issue more shares, raise capital.
( 25
min )
Stocks rose, fell, rose and fell, ultimately finishing lower this past week. Tech feels the pain.
( 26
min )
Wayfair looks headed for accelerated gains in sales and profits.Plus, insights on Petrobras, UPS, and Six Flags.
( 26
min )
Consumers are still feeling the pinch of higher prices, despite data showing moderating inflation. Bottom line: Don’t count on Fed rate cuts in 2024.
( 26
min )
"Rome was not built in a day, and neither will the AI ecosystem but this build out is unlike anything we have seen since the Internet in 1995."
( 31
min )
Lloyd Blankfein called his successor as Goldman's CEO, David Solomon, to complain about the bank's slumping stock and offer to help out, report says.
( 32
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Plus, the SEC fined Wells Fargo and others for not keeping records of business communications.
( 30
min )
10-year Treasury yields are rising faster than two-year yields for one of two reasons. Determining the right one will make all the difference.
( 26
min )
NextEra Energy owns the largest renewables business in the U.S., and the biggest utility. The stock’s selloff offers an opportunity.
( 26
min )
The fast-fashion company now rivals H&M and Zara, but questions over its labor practices are increasingly taking the spotlight.
( 34
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A long awaited plan to convert preferred equity units into AMC's common stock was approved in Delaware court, sending shares down in late trading Friday.
( 26
min )
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Today's best CD rate is 5.75%—available from either Andrews Federal Credit Union or Sun East Federal Credit Union—with three more CDs paying 5.65% and two offering 5.60%.
( 21
min )
Oil prices are heading to a record again, and it’s increasingly clear the gains are no fluke. Demand hit a record in June and is on track to stay at high levels for the rest of the year.
( 27
min )
(Bloomberg) -- AMC Entertainment Holdings Inc. won court approval of a stock conversion plan that had spurred a shareholder lawsuit and cast a cloud over the movie theater chain’s efforts to secure new financing.Most Read from BloombergBiden Fears China Economy Is ‘Ticking Time Bomb’Jeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Now Looks a Lot Less Like ParadiseConsulting Firms Are Paying Undergrads $2
( 33
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Global oil prices could keep heading higher, IEA says, though its forecast for slowing demand growth could provide some relief in 2024.
( 19
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AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.
( 31
min )
WILMINGTON, Delaware (Reuters) -AMC Entertainment's revised stockholder settlement was approved by a Delaware judge on Friday, according to a court filing, three weeks after the judge rejected a related deal. Under the approved class action settlement, cinema operator AMC will provide stock worth an estimated $129 million to holders of its common stock to settle potential legal claims related to a stock conversion plan. The approved class settlement did not allow shareholders to opt out and binds them to the agreement.
( 31
min )
Research shows that the amount of dopamine released in response to a reward is increased when the reward is unpredictable.
( 33
min )
“Friday is increasingly winning out in the WFH stakes,” the WFH Research cofounder tells Fortune.
( 32
min )
(Bloomberg) -- Deep within the underbelly of the options world lies a threat to the stock-market calm that’s prevailed all year. Most Read from BloombergMaui Now Looks a Lot Less Like ParadiseJeff Bezos Buys $68 Million Home on Florida’s Exclusive Indian Creek IslandBankman-Fried in Custody After Bail Is Revoked Over LeaksDavid Solomon Scrutiny Spreads From Goldman to Alma MaterWhile benchmark indexes just limped to one of their smallest weekly changes of 2023, intraday moves tell a different st
( 34
min )
The biggest question for the island’s companies—and broader economy— will be how long tourists might stay away.
( 27
min )
A United Kingdom-based investment firm and seven entities of GKN Aerospace have asked the Missouri Supreme Court to dismiss them from a lawsuit that The Boeing Co. filed, arguing they are not subject to state law because they aren’t incorporated here.
( 13
min )
Only eight companies in the S&P 500 have larger market values than Apple's outlay on share repurchases over the last decade.
( 32
min )
Truist's shares slid earlier this week following Moody's decision to review the bank for a potential downgrade. But as of Friday, its stock had started to make a comeback.
( 11
min )
The weight-loss and diabetes injectables have seen a surge in demand primarily in the U.S., buoying Novo Nordisk’s profits in the first half of 2023.
( 33
min )
Thursday, Boeing and Archer Aviation settled litigation. Boeing even took a stake in the flying car start-up. Archer shares surged initially but gave back some early gains.
( 26
min )
Electric-vehicle makers Lucid Group and Rivian have similar market values. That doesn't make a lot of sense for European firm Exane BNP Paribas.
( 26
min )
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Cano Health shares plummeted to an all-time low after the health care provider for seniors warned it may not be able to continue operations and is looking for a buyer as revenue sank and expenses rose.
( 17
min )
Comcast’s broadband network is crucial to the future of technology. Even so, its stock is cheap compared with buzzier names like Netflix, Nvidia, and Meta Platforms.
( 26
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On Tuesday, Rivian Automotive Inc (NASDAQ: RIVN) posted its second quarter results. The Amazon.com Inc (NASDAQ: AMZN)-backed EV maker posted a narrower than expected loss while lifting its production guidance. Rivian shares initially went up nearly 3% after the report, but its stock has soared 80% over the past 90 days as it continues to enjoy growing demand for its electric pickup and sport utility vehicle despite raised borrowing cost. While its EV rivals burn cash to ramp up production and fo
( 32
min )
Moves similar to blackjack tactics describe how cash-poor transportation startups are grasping for new capital. The post Cash-poor transportation startups gambling for fresh capital appeared first on FreightWaves.
( 35
min )
It's always risky for an investor to buy or sell shares of a stock right before an earnings report because nobody can predict with 100% accuracy how a company will perform, nor is it possible to gauge how Wall Street will react to the news. When a company misses the earnings estimate, sometimes it gets shrugged off if the revenue beats the estimates. Other times the earnings may beat the estimates, but the revenue falls short of expectations and that precipitates a sell-off in share price. Anoth
( 34
min )
Customers in the proposed class action said HP concealed how its printers enter an "error state" when low on ink, disabling scanning and faxing functions that do not require ink, and forcing them to buy unnecessary, high-margin ink cartridges. U.S. District Judge Beth Labson Freeman in a decision on Thursday found sufficient allegations that HP knew about the defect, citing a message board post where a support agent told a customer that his printer "will not function" without ink.
( 31
min )
For anyone in the market for a corporate jet, federal regulators have just the thing for you.
The Federal Deposit Insurance Corp. is selling a “spectacular” corporate jet that can accommodate 13 passengers, complete with leather seatin
( 23
min )
A financial advisor told me the pros of building a two-part bond ladder (three-year Treasurys and 10-year corporates) to generate fixed income and cover required minimum distributions (RMDs). What are the cons? -Ken When used in the right circumstances and … Continue reading → The post Ask an Advisor: I've Heard About the Benefits of a Bond Ladder Strategy. What Are the Downsides? appeared first on SmartAsset Blog.
( 32
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I am 65 and at the absolute peak of my earnings. I'm also in the 35% tax bracket and am not looking to retire soon. I need $30,000 for a home project. I have enough to take it out of … Continue reading → The post Ask An Advisor: I'm 65, Earning at My ‘Absolute Peak' and Won't Retire Soon. Should I Use My Roth IRA for a $30K Home Improvement Project? appeared first on SmartAsset Blog.
( 34
min )
Twilio upgraded, Sealed Air downgraded: Wall Street's top analyst calls
( 34
min )
The Detroit Big Three car companies are in talks with the UAW over a contract deal that would replace one that expires in September.
( 27
min )
Wedbush analyst Daniel Ives, a longtime tech bull, sticks with his call for a 12% to 15% gain in the Nasdaq, despite a recent dip in performance.
( 26
min )
American investors shouldn't be surprised by Anheuser-Busch InBev's strong second quarter. They need to look beyond the U.S. boycott of Bud Light.
( 26
min )
Citi analysts downgrade the company's shares to Neutral from Buy, citing many challenges for the primary-care provider.
( 26
min )
Bitcoin briefly rose above US$30,000 twice this week, but failed to remain the support level despite positive catalysts in the industry like the launch of PayPal’s new stablecoin. Bitcoin will have to close the week above US$29,300 for upward momentum, industry experts told Forkast.
( 33
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A #KansasCity executive with a familiar name will lead #AMCTheatres marketing efforts.
( 10
min )
Retirees open up about their financial lives and how they spend their time and money.
( 23
min )
The California Public Utilities Commission voted to allow GM's Cruise and Google's Waymo to offer paid rides in driverless vehicles across the city at all hours of the day with an unlimited number of vehicles.
( 26
min )
The Swiss bank says it no longer needs a $10 billion backstop or liquidity lines.
( 27
min )
(Bloomberg) -- Investors piled into cash and bonds while pulling money out of the US stock market in recent days, according to Bank of America Corp. strategists.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingBiden Fears China Is ‘Ticking Time Bomb' Posing Danger to WorldEcuador Presidential Candidate Assassinated, Suspect Shot DeadCash funds
( 31
min )
(Bloomberg) -- Declines for Chinese technology companies weighed on Asian equities while US futures edged higher and the dollar clung to a Thursday rally.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Maui Fires Show Climate Change’s Ugly ReachFirst American City to Tame Inflation Owes Its Success to Affordable HousingEcuador Presidential Candidate Assassinated, Suspect Shot DeadDave Portnoy Paid Just $1 to Buy Barstool Sports BackMainland China and Hong Kon
( 33
min )
"When [Fed] reserves have been declining by more than $38 billion over the past four weeks, stocks have struggled," Ned Davis Research said.
( 31
min )
Who doesn’t love a bargain? Buying quality for a low price is one of the thrills of the market system – and that applies to stock markets as well. The trick is knowing which rock-bottom stocks are the right ones to buy. Plenty of stocks are priced low, and bargain-hunting investors need to find the ones whose fundamentals are sound. The sheer volume of stocks, and the reams of data they produce, makes that difficult – but Wall Street analysts make their living by taking deep dives behind the sce
( 34
min )
Russia's currency has plunged to its lowest level against the dollar since the Ukraine invasion, blowing past the Kremlin's "comfort zone."
( 31
min )
Het aantal schuldzaken tegen discounter Big Bazar neemt toe. Directeur Joost Konings van Invorderingsbedrijf Amsterdam meldt dat er inmiddels tien lopende dossiers in behandeling zijn. De totale vorderingen tegen Big Bazar gaan richting de 430.000 euro.
( 3
min )
Drankenproducent Bacardi staat op een Oekraïense lijst van zogenoemde oorlogssponsors, waarmee Oekraïners aandacht vragen voor bedrijven die zakendoen in Rusland. Het agentschap achter de lijst stelt dat Bacardi misbruik maakt van het vertrek van concurrenten.
( 3
min )
Rusland heeft afgelopen maand meer verdiend met de export van olie doordat Moskou de prijzen heeft verhoogd.
( 3
min )
De economie van het Verenigd Koninkrijk is het afgelopen kwartaal onverwachts 0,2 procent gegroeid. Het is de grootste groei in meer dan een jaar.
( 3
min )
De economie van het Verenigd Koninkrijk groeide onverwachts 0,2 procent in het afgelopen kwartaal, laat het nationale Britse statistiekbureau weten. Dat is de grootste groei in meer dan een jaar.
( 3
min )
Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.
( 3
min )
Het Nederlandse internetknooppunt AMS IX heeft het stroomverbruik van een van de datacenters met 85 procent weten te verlagen. Voorheen verbruikte de locatie evenveel stroom als 185 huishoudens. Dankzij nieuwe apparatuur is dat nu evenveel als 29 woningen.
( 4
min )
De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.
( 4
min )
Eigenaar Elon Musk wil van Twitter (inmiddels bekend als X) een allesapp gaan maken. Daarom kunnen gebruikers binnenkort videobellen en geld naar elkaar overmaken.
( 4
min )
Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging in de drie maanden daarvoor alleen maar was gestegen.
( 3
min )
De Volksbank, het moederbedrijf van de ASN Bank, RegioBank en SNS, kan een boete van De Nederlandsche Bank verwachten omdat ze niet genoeg doet om witwassen en financiering van terrorisme tegen te gaan.
( 3
min )
Het aantal faillissementen is in juli afgenomen, nadat het aantal zaken dat over de kop ging de afgelopen drie maanden alleen maar steeg. Dat meldt statistiekbureau CBS.
( 3
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Sparen bij grote Nederlandse banken is nog lang geen vetpot. Rentes kruipen omhoog, terwijl die banken megawinsten boeken. Meer rente ontvangen kan, maar daarvoor moet je wel uit je comfortzone stappen.
( 4
min )
Real estate agents are a resource when searching for a rental property and may provide negotiating power when signing a lease.
( 21
min )
Six tips can help you find the apartment that meets your needs at the best price.
( 20
min )
Parent PLUS loans allow parents to borrow money to help pay for their children’s education. Here’s everything you need to know to apply.
( 20
min )
The Supreme Court will decide whether the Sackler family, and the pharmaceutical company they own, Purdue Pharma, will be allowed to pay $6 billion to avoid future liability for their role in causing the opioid crisis.
( 16
min )
When replacing a life insurance policy, a lot can go wrong for the consumer. Find out how life insurance replacements are regulated by the states.
( 21
min )
The S&P 500 was little changed with a small gain of 0.03% on Thursday, Aug. 10, 2023 after a report on consumer prices showed inflation rose less than expected last month.
( 17
min )
Increasing costs, faltering subscriber growth, inflation, and reduced revenue per membership figures all contribute to subscription price hikes.
( 21
min )
A consequential loss is an insurance term for an income hit caused by a business's inability to use damaged property or equipment as usual.
( 21
min )
Global rice prices hit a 12-year high in July, the United Nations' Food and Agriculture Organization (FAO) said in a report, which could exacerbate global food insecurity.
( 18
min )
Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 19
min )
General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.
( 16
min )
Shares of Ralph Lauren lost ground after the fashion clothing company warned American consumers are cutting back on discretionary spending.
( 17
min )
A debt security is a debt instrument that has its basic terms, such as its notional amount, interest rate, and maturity date, set out in its contract.
( 23
min )
Maryland, New Jersey, Delaware led the nation in foreclosure filings in July.
( 18
min )
The Fed views the Producer Price Index as a forerunner of consumer inflation. Rising prices at the production level are typically passed on to consumers at the retail level on a time lag.
( 18
min )
Return on policyholder surplus is the ratio of an insurance company’s net income to its policyholder surplus.
( 19
min )
Developed to net premiums earned is the ratio of developed premiums to net premiums earned over a given time period.
( 19
min )
Amid surging prices and higher loan rates, paying for a new car costs more than ever—and owning a home and a new car now eats almost half of the typical American's budget.
( 20
min )
As you age, saving and investing become higher priorities. Read about finding the best financial professional for your current stage in life.
( 25
min )
The Samuel Curtis Johnson Graduate School of Management is a graduate business school based at Cornell University in Ithaca, New York.
( 20
min )
Bond rating agencies are companies that assess the creditworthiness of both debt securities and their issuers. Discover more about them here.
( 25
min )
Shares of AppLovin (APP) jumped as the artificial intelligence (AI)-based mobile marketing platform reported better-than-expected results amid soaring demand for all things AI.
( 16
min )
U.S. equities gained at midday on Thursday, Aug. 10, 2023 after the Labor Department reported consumer prices increased less than expected in July.
( 16
min )
Novo Nordisk raised its outlook as revenue from its popular weight-loss treatment, Wegovy, skyrocketed.
( 17
min )
Bank of America offers many personal financial products, including savings accounts. See if Bank of America’s rates are attractive enough for your deposit.
( 21
min )
Barclays offers a competitive APY on its single savings account, which is light on restrictions and fees. Learn more about Barclays Online Savings Account to see if it’s right for you.
( 20
min )
Chase Bank offers two savings accounts to its customers with below-average interest rates, but the bank has other financial services worth considering.
( 19
min )
Bernie Sanders did not become the Democratic presidential nominee for 2020, but his economic plan still raises many important points and addresses ongoing issues.
( 32
min )
Ad-free Disney+ subscription price to increase roughly 27% to $14 a month, following the company's loss of millions of streaming subscribers.
( 17
min )
Capri's shares rose in premarket trading on Thursday as fashion conglomerate Tapestry announced a $8.5 billion acquisition deal that will bring six luxury brands under one company.
( 17
min )
Rates on 30-year mortgages climbed slightly, ending a three-day slide that had lowered the average almost a quarter percentage point. All other averages were up or held steady.
( 20
min )
Inflation is continuing to cool down, though you might not think it from the 12-month inflation rate.
( 18
min )
Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.
( 21
min )
Contempt of court is an act of disrespect or disobedience toward a court or interference with its orderly process.
( 23
min )
Money market accounts have some similarities and differences when compared with money market funds. Learn more about how the two accounts compare.
( 25
min )
When deciding whether to get a degree abroad, research and talk to alumni who have completed the same program.
( 21
min )
Bayes' theorem is a mathematical formula for determining conditional probability of an event. Learn how to calculate Bayes' theorem and see examples.
( 26
min )
Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.
( 17
min )
This $900 billion COVID-19 stimulus bill included $600 direct individual payments, $300/week unemployment benefits, and more. See how it compares to other legislation.
( 28
min )
Walt Disney and Co. lost about 12 million Disney+ streaming subscribers, took a big hit due to restructuring costs, and missed revenue projections, but its third-quarter earnings per share beat analysts' expectations.
( 19
min )
With home prices and borrowing costs increasingly out of reach, the ranks of renters continues to grow in NYC, the country's biggest rental city.
( 18
min )
Discover the consumer discretionary sector, industries within this sector and companies producing goods that fall under the consumer discretionary definition.
( 21
min )
Improve your financial advisory business by building a client base of people who share similar priorities, values, and long-term goals.
( 22
min )
The term “unauthorized insurer” refers to a fraudulent business that is posing as a legitimate insurance company.
( 18
min )
The law of supply in economics states that as the price of a good or service increases, the quantity of goods or services increases and vice versa. Learn more.
( 26
min )
The Carmack Amendment amends the Interstate Commerce Act of 1877 and limits the liabilities of carriers to loss or damage of the property itself.
( 19
min )
Business school can have a lasting impact on your career, but is an MBA right for you? Learn what to consider before deciding to go back to school.
( 23
min )
Kenneth I. Chenault is a former chair and CEO of American Express
( 21
min )
Understanding the differences between insurance, excess insurance, and reinsurance might help you avoid being overinsured or underinsured.
( 21
min )
An affidavit of title is a document provided by the seller of real estate showing the status of the property, including ownership and legal issues.
( 23
min )
"There's no rule that everybody has to win," the CEO of Ouster said as the company reported its second-quarter results.
( 26
min )
New- and used-car prices fell in July, easing some pain for U.S. consumers. Yet prices for insurance, repair, and other services continued to march higher.
( 26
min )
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Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 20
min )
StoneX's Vincent Deluard sees investors swapping stocks for bonds, reluctant sellers eventually listing their homes, and the economic rebound fading.
( 31
min )
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General Motors shares dipped as the carmaker once again warned that production of its electric vehicle lineup is being slowed by issues assembling updated battery modules.
( 16
min )
GE pulled back to a historically bullish trendline on the charts
( 31
min )
China's property sector is teetering on another Evergrande moment, as a developer with almost $200 billion of debt is in deep trouble.
( 34
min )
Forward Air announced Thursday it will merge with asset-light logistics peer Omni Logistics. The post Forward Air merges with Omni Logistics, will target expedited LTL appeared first on FreightWaves.
( 33
min )
Linda Yaccarino, CEO of the former Twitter, says she has the authority to run Elon Musk's social-media company. Investors see Musk spending more time and attention to Tesla.
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min )
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Alibaba Group Holdings Ltd. delivered serious gains in the quarter ended June 30, with income from operations up 70% year-over-year, sending its stock up nearly 7% this morning.
( 17
min )
PayPal's stablecoin stands out because it's not just "more crypto for crypto," one expert wrote in CoinDesk.
( 12
min )
Penn downgraded, Roblox upgraded: Wall Street's top analyst calls
( 33
min )
The auto industry is changing in a multitude of ways. Electric powertrains are challenging the traditional combustion engine, and other technologies, such as mobile wireless connectivity and artificial intelligence, are bringing a sea change to the way we drive. New opportunities are opening for investors in these emerging technologies. These aren’t going to be risk-free choices – remember how many car companies popped up in the 1920s and ‘30s before Detroit stabilized with the Big Three – so th
( 34
min )
If you're planning on making tax-deferred retirement accounts the last pot of money you tap after retirement, you've got a lot of company. And why not? The idea that your 401(k) or traditional IRA can keep growing and churning out … Continue reading → The post Want to Minimize Retirement Taxes? Don't Follow This Popular Strategy appeared first on SmartAsset Blog.
( 32
min )
Wealth managers help set and reach goals for financial needs. Here's a breakdown of wealth management services and examples of when you will need them.
( 32
min )
Acclaimed Hollywood A-lister Ryan Reynolds has proven himself to be more than just an entertainer, delving into the world of investments with remarkable success. Despite his humble admission of not being an investing wizard, Reynolds has accumulated millions of dollars through well-timed business bets in recent years. In a recent appearance on CNBC’s "Squawk Box", Reynolds discussed his latest investment venture: Canadian financial technology (fintech) company Nuvei. See more on startup investin
( 32
min )
If you're approaching retirement age, you have a lot to think about. Focusing on limiting your tax liability can be especially valuable. After all, the more taxes you pay in retirement, the less money you'll have to live off. If … Continue reading → The post 5 Ways to Reduce Tax Liability in Retirement appeared first on SmartAsset Blog.
( 33
min )
Wilko, the high street discount chain, has plunged into administration, putting 12,000 jobs at risk after it failed to secure a rescue deal.
( 44
min )
If the SEC needs more time to assess the practicality of the surveillance-sharing agreements, then the bitcoin price may correct initially in mid-September, and would be the “dip to buy,” the report said.
( 31
min )
(Bloomberg) -- Global oil markets are on track for a sharp supply deficit of more than 2 million barrels a day this quarter as Saudi Arabia slashes production, OPEC data indicate.Most Read from BloombergRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon
( 32
min )
Hoffman was named CEO at the end of 2021.
( 31
min )
The hydrogen technology company posted a second-quarter loss of 40 cents a share. Wall Street was looking for a 27-cent loss. But its likely another factor that's driving the shares lower.
( 26
min )
Banking sector CEOs have been among the pushiest when it comes to ending hybrid work. But new data shows two-thirds of their top level execs would likely resign if they were forced to return to the office.
( 31
min )
Virgin Galactic stock is rising ahead of the company's second commercial flight, slated for August 10. The Livestream of the event starts at 11 a.m. Eastern time.
( 26
min )
The Chinese EV market is maturing. As it does, investors will be looking for earnings when they evaluate shares.
( 26
min )
Applovin guides for third-quarter sales of $780 million to $800 million, higher than analysts' expectations.
( 26
min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s revenue beat expectations after its core e-commerce arm returned to growth, a big step for a national icon trying to revive its business in a volatile economy.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woma
( 32
min )
CEO Bob Iger said on the company's earnings call that it is considering strategic options for its linear TV channels.
( 26
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(Bloomberg) -- Novo Nordisk A/S said the supply of its blockbuster obesity medicine Wegovy will continue to be restricted in the US as the drugmaker struggles to expand production. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tyco
( 32
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Walt Disney trades higher after the entertainment giant says it will be raising prices for its streaming services, a report says Tapestry is in talks to acquire Capri, the parent company of Michael Kors, Jimmy Choo and Versace, and Applovin stock surges after the software company swings to a second-quarter profit.
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(Bloomberg) -- It could take just a 1% move in the S&P 500 — up or down — every day for a week for the rally in US stocks to come under significant pressure.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, China Property Tycoon Loses More Wealth Tha
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(Bloomberg) -- Equity markets in Asia fluctuated Thursday following a tech-led sell-off on Wall Street as investors await US monthly inflation data that will help shape the outlook for the Federal Reserve’s next steps.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at UPS After Teamsters DealTycoon Wh
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Danish drugmaker Novo Nordisk on Thursday raised its full-year profit and sales forecast for a second time, but said it would continue to restrict U.S. supplies of starter doses of its hugely popular Wegovy weight-loss drug. Novo Nordisk, Europe's second most-valuable listed company after LVMH, is riding on a wave of sky-high demand for its highly effective diabetes and weight-loss drugs Ozempic and Wegovy, which has sent its earnings and shares to record highs this year.
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The Reserve Bank of India (RBI) on Thursday asked banks to set aside a larger part of incremental deposits under cash reserve ratio (CRR) to tighten liquidity in the near term. Banks shall maintain an incremental CRR of 10% on increase in deposits between May 19 and July 28, with effect from the fortnight starting Aug. 12, RBI Governor Shaktikanta Das said in his monetary policy announcement. Das however added that the measure was temporary to absorb liquidity generated by a return of high denomination notes, a move that was announced by the RBI in mid-May.
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It still makes sense for long-term investors to own REITs with solid balance sheets in good real estate sectors, such as Kimco Realty, BXP, and VICI Properties.
( 26
min )
Holders of odd lots under 100 shares should come out ahead after J&J splits off its Kenvue unit.
( 26
min )
(Bloomberg) -- A monthly report on US consumer prices due Thursday is set to show a second straight reading for so-called core inflation that is consistent with the Federal Reserve’s 2% target on an annualized basis, according to Bloomberg Economics.Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadFirst American City to Tame Inflation Owes Its Success to Affordable HousingRetirees Face $17,400 Cut to Social Security Benefits in 2033Everyone Wants to Work at U
( 30
min )
The deal would be one of the biggest fashion tie-ups in recent years.
( 28
min )
(Bloomberg) -- Alibaba Group Holding Ltd.’s options are flashing positive signs ahead of the Chinese tech company’s June quarter results.Most Read from BloombergFirst American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealRetirees Face $17,400 Cut to Social Security Benefits in 2033Ecuador Presidential Candidate Villavicencio AssassinatedStock Traders Shun Risk in Run-Up to Key CPI Test: Markets WrapAs of Tuesday’s close, a bullish
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The strong year-to-date gains in the stock market are impossible to deny, but August’s losses serve as a reminder that investors need to have a cautionary plan for tougher times. Furthermore, according to strategists from JPMorgan and Wells Fargo, these challenging times may be closer than we think. The gains have largely been powered by the AI boom in tech – and that has led to an unstable situation, with rising stock indexes resting on a narrow base. According to JPMorgan’s Chief Global Market
( 34
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Bankrupt trucking giant Yellow said it has enough real estate and equipment it can sell to cover $1.2 billion it borrowed from the U.S. government and private lenders led by Apollo Global Management.
( 28
min )
Een storing bij Rabobank zorgde er dinsdag voor dat klanten urenlang hun geldzaken niet konden regelen. De problemen deden zich voor op de website en in de app van Rabobank, maar zijn inmiddels opgelost.
( 3
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Modebedrijf Tapestry neemt Capri Holdings over. Het concern betaalt 8,5 miljard dollar voor het moederbedrijf van Michael Kors, Jimmy Choo en Versace.
( 3
min )
Chinese reisbureaus mogen voor het eerst sinds de coronapandemie weer reizen naar Nederland en bijna zeventig andere landen aanbieden. Internationale groepsreizen waren al enige tijd toegestaan, maar alleen naar een beperkt aantal landen.
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Als je niet werkt omdat je kanker hebt, krijg je geen kinderopvangtoeslag van de Belastingdienst. Net als bij thuiszorg kan de gemeente dan hulp bieden. Maar die lokale aanpak zorgen voor onbegrijpelijke verschillen, zeggen gedupeerden tegen NU.nl.
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Een storing bij Rabobank zorgt ervoor dat klanten op dit moment hun geldzaken niet kunnen regelen. De problemen doen zich voor op de website en in de app van Rabobank.
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De NS heeft ook in het eerste half jaar van 2023 verlies geleden. Het bedrijf heeft niet genoeg treinkaartjes verkocht om alle kosten te dekken. "We hebben nog altijd fors minder reizigers dan voor corona", zegt NS-topman Wouter Koolmees.
( 3
min )
Twitter (inmiddels bekend als X) moet een dwangsom van 350.000 dollar (ruim 317.000 euro) betalen. Het bedrijf van Elon Musk werkte niet op tijd mee aan een onderzoek naar de Amerikaanse oud-president Donald Trump.
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De waarde van de roebel heeft deze week het laagste niveau bereikt in zestien maanden. Voor 1 euro betalen Russen nu 106 roebel. De lange daling lijkt even voorbij nu de Russische centrale bank ingrijpt.
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De omwonenden van Tata Steel die naar de rechter stapten voor strengere eisen aan het staalbedrijf gaan in hoger beroep.
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Het Radboudumc in Nijmegen is erin geslaagd zeldzame syndromen te herkennen met een gezichtsscan. De techniek moet artsen wereldwijd gaan helpen zeldzame afwijkingen te herkennen en de juiste diagnose te stellen.
( 4
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Disney+-abonnees kunnen binnenkort mogelijk niet meer hun wachtwoord met bekenden delen. In navolging van Netflix wil ook Disney beginnen met handhaven.
( 4
min )
Maaltijdboxbezorger HelloFresh ziet het aantal bestellingen teruglopen door bespaarzucht van consumenten. In het tweede kwartaal van dit jaar nam het aantal actieve klanten wereldwijd met bijna 9 procent af. Volgens HelloFresh komt dat door de hoge inflatie.
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Rabobank heeft in de eerste helft van 2023 zijn nettowinst bijna verdubbeld. De bank maakte 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar. Dat kwam vooral door een grote stijging van de rente-inkomsten.
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Rabobank heeft in de eerste helft van 2023 z'n nettowinst bijna verdubbeld. Vooral door een grote stijging van de rente-inkomsten maakte Rabobank 2,5 miljard euro winst, tegen 1,3 miljard euro in dezelfde periode vorig jaar.
( 4
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Industriële bedrijven in Nederland hebben in juni 7,7 procent minder geproduceerd dan in dezelfde maand een jaar eerder. Door de afkoeling van de wereldeconomie zakt de productie terug, net als bij onze oosterburen.
( 3
min )
Omwonenden van Tata Steel vinden dat Noord-Holland de eisen voor de uitstoot van zwaveldioxide door de staalfabriek niet had mogen bijstellen. Zij zijn het niet eens met de rechter, die oordeelde dat de provincie geen regels overtrad, en gaan in hoger beroep.
( 3
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Pro-Russische hackersgroepen hebben deze week meerdere Nederlandse websites platgelegd. Dat is een vergeldingsactie voor de steun van ons land aan Oekraïne. Maar we zijn nog niet in een cyberoorlog beland, stelt een expert gerust.
( 3
min )
A student loan deferral can give you relief from your debts, but there can be long-term consequences to your credit score. Learn how deferrals affect your credit score.
( 23
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Graduate business school costs time and money, and there are career-enhancing alternatives.
( 20
min )
The financial crisis of 2008 and the great recession that followed is still fresh in the memories of many investors.
( 22
min )
Today's three best CD rates available nationwide are 5.75% from Andrews Federal Credit Union, 5.65% from Dow Credit Union, and 5.60% from Northern Bank Direct.
( 20
min )
The Supreme Court dealt a setback to video game publisher Epic in its battle against Apple over how the iPhone giant treats developers that sell programs on the App store.
( 17
min )
Best Buy credit card offers promotional financing and cash-back rewards to incentivize higher spending.
( 24
min )
UCLA Anderson School of Management is the University of California's graduate business school and one of the highest-ranked MBA programs in the United States.
( 20
min )
DARPA will award up to $20 million in prize money to companies that use AI to develop stronger cybersecurity tools, with Google, Microsoft and OpenAI collaborating.
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min )
You can put your down payment savings to work earning as much as 5.75% APY until it's time to buy. Here are three risk-free ways to do so.
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Bracketed sell order is a short sell order that is accompanied by a conditional buy order above and a buy limit order below the initial sell order.
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The S&P 500 dipped 0.7% on Wednesday, Aug. 9, 2023 as tech stocks fell ahead of Thursday's key consumer inflation report.
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A lawsuit by conservative advocacy groups could defeat President Joe Biden’s latest plan to forgive student loan debt even if it doesn’t ultimately win in court.
( 19
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Going to graduate school right after college keeps your education momentum going, but sometimes it pays to wait. Here's how to decide.
( 21
min )
ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.
( 18
min )
ADRs of Honda advanced as the carmaker reported a big increase in U.S. sales and announced a stock split.
( 16
min )
ADRs of Sony tumbled after the entertainment giant warned that strikes by TV and movie actors and writers will drag down current quarter revenue.
( 17
min )
Google AI-powered flight routes reduced global warming inducing contrails—white lines in the sky left behind by planes-without materially increasing fuel consumption.
( 17
min )
Robo-advisors are less expensive but a financial advisor will provide more personalized service.
( 25
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A default happens when a borrower fails to make required payments on a debt, whether of interest or principal. Find out what the consequences of default are.
( 28
min )
Jobs growth is a measure of how many nonfarm jobs the U.S. economy added in the prior month as estimated by the U.S. Bureau of Labor Statistics (BLS).
( 21
min )
The Sustainability Accounting Standards Board (SASB) developed standards for companies to report sustainability issues that could affect their value.
( 22
min )
A decline in the dollar’s share of allocated foreign exchange reserves has fueled talk of de-dollarization, which involves reducing reliance on the U.S. dollar as a reserve currency.
( 22
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Electric vehicle (EV) maker Rivian Automotive keeps losing money on every vehicle it makes, but losses have narrowed and the company expects profitability by the end of 2024.
( 17
min )
Data analytics is the science of analyzing raw data in order to make conclusions about that information. It helps businesses perform more efficiently and maximize profit.
( 24
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The Bureau of Labor Statistics' employment report is a widely watched indicator of economic well-being that directly influences the market.
( 26
min )
The National Association of College and University Business Officers (NACUBO) is a membership organization focused on the educational sector.
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min )
The unemployment rate is the percentage of the total labor force that is unemployed but actively seeking employment and willing to work.
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Mortgage applications declined 3.1% from the previous week as the average interest rate for FHA-backed mortgages increased to 7.02%—the highest in almost 21 years—according to data from the Mortgage Bankers Association.
( 18
min )
Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.
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min )
In most cases, your car insurance company does not report accidents to the DMV, but states require police to under certain circumstances.
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U.S. equities declined at midday on Wednesday, Aug. 9, 2023, on the latest batch of earnings reports and as the market awaits key inflation data.
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Investopedia and NY1 are teaming up on a series of biweekly updates tracking the health of New York City’s economy, highlighting the best and worst-performing areas of New York's housing, tourism, leisure and hospitality metrics. areas of New York's housing, tourism, leisure and hospitality metrics.
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min )
Shares of Decibel Therapeutics skyrocketed after Regeneron Pharmaceuticals agreed to buy the biotech firm for up to $213 million to expand its gene therapy pipeline.
( 16
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Obtaining a company's prospectus—or other financial documents—is now a simple online task.
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Credit Unions often offer lower interest rates on the loans they offer. Learn how to get a credit union personal loan and reap the benefits of being a member.
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min )
GDP per capitais a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population.
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Marginal benefit is an incremental change in a consumer's benefit, while marginal cost is an incremental change in a company's production expense.
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Amazon is reportedly in talks to become an anchor investor in the IPO of Arm Ltd., a British semiconductor and software design company. The IPO, expected to be one of the largest this year, could help Amazon boost its cloud business.
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min )
The U.S. runs both fiscal and current account deficits, which together are referred to as twin deficits.
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The labor force participation rate is a measurement of an economy’s active workforce.
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Tenancy at sufferance is a legal circumstance when a property renter continues to live on a property after a lease term has expired.
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Rates on 30-year mortgages have sunk almost a quarter percentage point over the past three days, with the averages on almost every other loan type dropping as well.
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min )
Penn Entertainment shares surged after inking a $2 billion deal to rebrand and relaunch its sportsbook as ESPN Bet.
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min )
The Kelley School of Business is the business school of Indiana University. It offers programs in finance, accounting, marketing, and management.
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Mass production allows consumer goods to be made for the broadest possible market, lowering costs overall.
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What is the difference between representative samples and random samples, and how are they are used to reduce sampling bias?
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min )
Unemployment is the term for when a person who is actively seeking a job is unable to find work.
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Only 18% of Americans believe now is a good time to buy a home, even as consumers report improved job security and financial health, according to a new survey from Fannie Mae.
( 18
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June inflation was the lowest annual rate in more than two years. But how long will it take to get under the Federal Reserve's target rate of 2%?
( 18
min )
The University of Chicago’s Booth School of Business is the graduate business school of the University of Chicago.
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The graduate record examination (GRE) is a standardized test that measures one's aptitude for abstract thinking.
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Grad schools typically take a holistic approach when evaluating applicants. Emphasize your strengths while addressing your weaknesses.
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Group term life insurance is life insurance offered as an employee benefit. Often a base amount is covered at no charge, with the option to add more.
( 25
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What battery metals are to gigafactories, helium is to everything from scientific research, medical technology and high-tech manufacturing to space exploration and national defense
( 41
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Electric bus and battery maker Proterra Inc. won’t fight an Aug. 17 delisting from the Nasdaq as it works on a bankruptcy reorganization plan. The post Proterra won’t fight Nasdaq delisting following bankruptcy filing appeared first on FreightWaves.
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"Equities seem oversold as well. So, we think the probability for stocks to rally strongly after CPI is very high," Fundstrat's Tom Lee said.
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The Johnson & Johnson spinoff is the consumer health company that makes Listerine and Tylenol.
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The entertainment giant’s is raising the cost of the ad-free versions of Disney+ and Hulu by more than 20% each.
( 26
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Shares of the AI chip maker slumped despite a lack of news. Is more downside ahead?
( 26
min )
The U.S. Securities and Exchange Commission (SEC) said it would file an "interlocutory appeal" of a judge's ruling on Ripple's programmatic sales of XRP, the regulator said in a court filing Wednesday.
( 31
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(Bloomberg) -- Proterra Inc., the electric bus maker touted by President Joe Biden that filed for bankruptcy this week, was the recipient of millions of dollars in US Covid-relief government aid. Most Read from BloombergEcuador Presidential Candidate Assassinated, Suspect Shot DeadRetirees Face $17,400 Cut to Social Security Benefits in 2033First American City to Tame Inflation Owes Its Success to Affordable HousingEveryone Wants to Work at UPS After Teamsters DealOnce Asia's Richest Woman, Chin
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Baidu, TikTok-owner ByteDance, Tencent and Alibaba have made orders worth $1 billion to acquire about 100,000 A800 processors from the U.S. chipmaker to be delivered this year, the FT reported, citing multiple people familiar with the matter. The Biden administration last October issued a sweeping set of rules designed to freeze China's semiconductor industry in place while the U.S. pours billions of dollars in subsidies into its chip industry. Nvidia offers the A800 processor in China to meet export control rules after U.S. officials asked the company to stop exporting its two top computing chips to the country for AI-related work.
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"Flexible workspaces have a future in the office ecosystem, but WeWork, in its current state, may not," BTIG analysts wrote Wednesday.
( 33
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John Schnatter, founder and former CEO of Papa John’s International Inc., this week reacted to the news of his case going to trial.
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min )
(Bloomberg) -- Upstart Holdings Inc.’s breakneck rally is losing momentum after the lending platform that uses artificial intelligence provided a disappointing outlook.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealFirst American City to Tame Inflation Owes Its Success to Affordable HousingTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureNasdaq 100 Drops 1% in Run-Up to Key CPI Report: Markets Wr
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Roblox shares tumbled after the online gaming platform’s second-quarter loss per share widened because of increased costs.
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August hasn't been kind to the high-flying tech company.
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min )
Wall Street expects the e-commerce giant to post decent earnings and revenue growth. Gloomy signs on China's economy cloud the outlook.
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Russia effectively abandoned its budget rule on Wednesday as the central bank said it would stop conducting finance ministry foreign currency purchases from Aug. 10 until the end of the year to try and prevent the rouble from plumbing new depths. The rouble pared losses on the news. Earlier on Wednesday it sank to its lowest for more than 16 months, past 98 to the dollar, hampered by strong demand for foreign currency and a lack of supply, with a shrinking trade surplus and widening budget deficit also hurting sentiment.
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The average U.S. 30-year mortgage rate jumped to a nine-month peak on Wednesday and hit the second-highest rate since 2001, as interest rates reacted sharply to a downgrading of U.S. government debt. The average 30-year mortgage rate shot up to 7.09% for the week ending Aug. 4, a 16 basis point increase from the previous week's 6.93% rate, according to a weekly report released by the Mortgage Bankers Association. Potential borrowers adjusted promptly to the surging cost of borrowing: the mortgage applications index - a measure of total mortgage application volume - fell 3.1% to a six-month low of 194.5.
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Shares of the tech giant have slumped since it reported earnings last week.
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Speaking at a J.P. Morgan investor conference, GM Chief Financial Officer Paul Jacobson said the automaker's electric vehicles, from Cadillac Lyriq SUVs to BrightDrop vans, had been affected by an issue with assembling battery modules - a stumbling block first noted last week by Chief Executive Mary Barra. Jacobson said GM had built more than 1,000 Lyriqs in July -- still well below the company's initial expectations. GM in early 2022 said it expected to build 25,000 Lyriqs at the company's Spring Hill, Tennessee, plant last year, but fell far short of that target.
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Fitch Ratings recently downgraded the United States' long-term foreign-currency issuer default rating from its highest AAA rating to AA+, and stocks fell on the news. But CNBC's Jim Cramer appears unfazed by the decision. "I'm not concerned about the Fitch downgrade," the "Mad Money" host said. "I am concerned that too many people remain too sanguine at the moment because that's not what we want to see. When you get too many bulls, it tends to eventually cause a nasty sell-off — so maybe some fe
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The S&P 500 has notched some very respectable returns this year, but there’s reason to believe it is only the beginning of a sustained multiyear rally. At least, that is the opinion of ‘Shark Tank’ star Kevin O’Leary, who believes that while various sectors of the US economy will be dealing with a series of difficulties, the S&P 500 is poised to ride the momentum of increased government expenditure in the upcoming years. O’Leary anticipates that the CHIPS and Science Act along with the Inflation
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The British pound continues to show strength in the form of support.
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Shares in sports gambling names have fallen in the wake of Penn's $2 billion deal for ESPN rights.
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The online platform for medical professionals said pharmaceutical companies are slowing down in shifting to handling information digitally.
( 26
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(Bloomberg) -- Roblox Corp. plunged by the most in nine months after reporting that people were spending less time playing its games in the second quarter and missing Wall Street’s estimates.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionRoblox
( 31
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The company, which charters planes by the hour, has made a slew of restructuring measures this year, including job cuts and management changes. Delta said in a statement that it was providing a short-term capital infusion in the form of a secured promissory note as Wheels Up pursues strategic partnerships.
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The company posts a second-quarter net loss of 46 cents a share. A year ago, it posted a loss of 30 cents.
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Bank of America said more people had been taking hardship distributions from their retirement plans in recent months in a sign consumers may be running out of savings to propel economic growth.
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Arm plans to raise around $10 billion in its IPO.
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TUI is acutely aware that its holiday package tours could be prone to seasonality shifts, as the group has just had to deal with the impact of severe weather warnings and wildfires. Despite all this and rising prices, travel demand from its main markets remains strong.
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(Bloomberg) -- Carvana Co. raised its profit outlook as the used-car retailer said the momentum it saw from an early-year turnaround is carrying into the third quarter.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureTycoon Who Gave Away $750 Million Sees Profit in Loans to PoorTesla CFO Kirkhorn Exits With $590 Million FortuneWall Street WhatsApp, Texting Fines Exceed $2.5 BillionAdjusted earnings before inter
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Wall Street has many worries, including softer demand for Disney+ and weak performance at the box office.
( 26
min )
The software company lifted its adjusted operating income guidance for the year.
( 26
min )
Tuesday evening, electric-vehicle start-up Rivian reported strong second-quarter numbers, and increased production guidance. Analysts and investors are happy.
( 26
min )
Lidar maker Luminar Technologies reports second-quarter results in line with Wall Street expectations and maintains full-year financial guidance.
( 26
min )
Shares of Upstart fall sharply after the artificial-intelligence lending company issues a third-quarter earnings and revenue forecast that was below expectations, while Penn Entertainment surges after striking a deal with ESPN.
( 27
min )
(Bloomberg) -- Oil was steady — after closing at the highest since mid-April on concerns about a possible escalation of the conflict between Ukraine and Russia — ahead of data that may show swelling US crude stockpiles. Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $
( 31
min )
(Bloomberg) -- China’s former biggest builder Country Garden Holdings Co. has joined the ranks of once-strong developers that are deferring millions of dollars in payments, underscoring the sector’s entrenched debt woes.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionTesla CFO Kirkhorn Exits With $
( 32
min )
Wall Street has many worries, including softer demand for Disney+ and weak performance by the company's movies at the box office.
( 26
min )
A capitulation among market naysayers comes just as market risks are rising. Consider protecting some of your 2023 gains with this hedging strategy.
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China's consumer prices posted their first annual decline in more than two years in July, while factory gate prices extended their falls, data showed on Wednesday, as lacklustre demand weighed on the economy. The only bright spot was that the core CPI rebounded to 0.8% due to seasonal tourism during the summer, but I am afraid that it may lack sustainability. Given the base remained high last year, CPI will hardly rebound significantly in the second half of the year.
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min )
A Boeing official told the county council that sites other than St. Louis have been considered for the aerospace manufacturer's proposed $1.8 billion expansion project, which would include construction of multiple buildings totaling one million square feet.
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min )
At the end of June, the Biden Administration unveiled an ambitious goal to ensure reliable broadband internet access for the entire US, even the most remote rural areas. The project will involve a federal outlay of $42 billion, allocated to the states over the next two years. The President touts the initiative as a move to close the ‘digital gap’ that separates the haves and have-nots in the world of high-speed connectivity. “It’s the biggest investment in high-speed internet ever, because for t
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(Bloomberg) -- He built a fortune lending to low-income borrowers shunned by banks. He paid staff below-market wages and thought they still earned too much. He gave away almost all his wealth to a handful of employees, content with his small house and a $5,000 car.Most Read from BloombergEveryone Wants to Work at UPS After Teamsters DealWeWork Tumbles After Raising ‘Substantial Doubt’ About FutureUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Excee
( 35
min )
Buurtwinkels worden in hun voortbestaan bedreigd, meldde NU.nl zondag. Veel NUjij'ers hopen dat ze blijven bestaan, maar gaan zelf meestal naar een grote supermarktketen. Waarom willen ze het één, maar doen ze het ander? Een greep uit de reacties.
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min )
Op NU.nl vind je elke dag een stelling die bij het nieuws past. Lang niet alles waar statiegeld op zit wordt ingeleverd, bleek maandag. Lever jij je blikjes in, of gooi je ze nog steeds in de prullenbak? Is 15 cent statiegeld de moeite waard? Breng je stem uit en discussieer mee.
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min )
ABN AMRO en ING zagen hun winst afgelopen kwartaal verdubbelen. Belangrijkste oorzaak is de serie renteverhogingen van de Europese Centrale Bank. In Italië en andere landen wordt gewerkt aan een extra bankenbelasting voor overwinsten. Of dat ook in Nederland een goede zet is, vragen experts zich af.
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min )
De marktprijs voor gas is woensdagmiddag omhooggeschoten. Op de Amsterdamse gasbeurs steeg de prijs met meer dan een derde tot ruim 43 euro per megawattuur. Dat is het hoogste niveau sinds mei. De oorzaak is een dreigende staking in Australië.
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Eerst viel er zes weken geen spat regen, daarna kreeg Nederland juist zes weken wisselvallig weer. Sinds 22 juli halveerde het neerslagtekort zelfs bijna. Hoe uitzonderlijk is de snelheid van het ontstaan en verdwijnen van de droogte van 2023?
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De verhuurder van een winkelpand waarin een Big Bazar-filiaal is gevestigd, heeft het faillissement van de koopjeswinkel aangevraagd bij de rechtbank Amsterdam.
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Italië heeft binnen een dag de plannen voor een extra belasting op overwinsten van banken al afgezwakt. Beleggers raakten na de aankondiging van de maatregel in paniek en verkochten aandelen in Italiaanse banken. Om ze te kalmeren, begrenst de regering de extra belasting.
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De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.
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Hoewel energie nu veel goedkoper is dan vorig najaar, kunnen prijzen bij een koude winter weer snel oplopen. Daarvoor waarschuwt E.ON, het Duitse moederbedrijf van Essent en Energiedirect. "De energiecrisis is nog niet helemaal voorbij", zegt bestuurder Leonhard Birnbaum.
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Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.
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De koers van het aandeel Novo Nordisk is deze week omhooggeschoten. Dat gebeurde nadat uit onderzoek was gebleken dat een diabetesmedicijn van het Deense farmaceutische bedrijf, dat ook effectief is als afslankmiddel, ook goed werkt tegen hart- en vaatziekten.
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Klanten en winkelmedewerkers moeten nog wennen aan het inleveren van blikjes voor statiegeld. "Iedereen is erbij gebaat dat het goed verloopt", zegt topman Frans Muller van supermarktconcern Ahold Delhaize.
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Ahold Delhaize heeft de winst in het afgelopen kwartaal zien dalen. Het supermarktconcern had last van onder meer hogere energiekosten en stakingen in België.
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Bud Light may never recover from the ongoing controversy surrounding the brand, according to an anonymous beer distributor who spoke to the New York Post on July 31. Many more Anheuser-Busch InBev distributors have resigned themselves to their painful Bud Light losses and have given up on luring customers back following the controversial ad campaign. During the past few months, the company experienced hiring freezes and mass layoffs. Beer truck drivers face heckling and harassment. The revelatio
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Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.
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Boston Beer Company's cofounder spent about $140 on two shares of Procter & Gamble more than six decades ago. They're worth $20,000 today.
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The EV maker reported a per-share loss of $1.08 while Wall Street had expected a loss of $1.43.
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Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.
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Dutch Bros Inc. (NYSE: BROS) posts 103% rise in second-quarter Ebitda Revenue rose 34% in second quarter to $250 million on new locations, same shop sales Raises full-year Ebitda guidance to $135 million and $140 million President Christine Barone will become CEO and President in January 2024 Current CEO Joth Ricci to leave after five […]
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(Bloomberg) -- Coupang Inc., the online retailer popular in South Korea for dawn and one-day delivery, posted its fourth straight quarterly profit after investments in logistics and membership programs helped shore up margins.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Texting Fines Exceed $2.5 BillionMusk Says He May Need Surgery, Will Get MRI on Back and NeckThe Global South Breaks Away From the US-Led World OrderBillionaire Desmarai
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Ratings agency says its also watching some of nation's biggest lenders for possible cuts amid ongoing financial strain.
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Oxy exceeded production guidance for the second quarter in the Permian Basin and the Rockies. Here's what else is happening for the upstream energy company.
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Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.
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(Bloomberg) -- Oil reversed losses after Ukrainian President Volodymyr Zelenskiy said his country would retaliate if Russia continues to block Ukrainian ports.Most Read from BloombergUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksMusk Says He May Need Surgery, Will Get MRI on Back and NeckWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Forecast in Blow to RecoveryZelenskiy’s warning tr
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Nothing hurts like an empty nest egg.
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More Americans plan to claim Social Security benefits for retirement earlier than later, even if it means leaving money behind. Here's why.
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(Bloomberg) -- Tilray Brands Inc. shares jumped the most since February 2021 after the cannabis and consumer packaged goods company agreed to buy eight beer and beverage brands from the owner of Budweiser.Most Read from BloombergMusk Says He May Need Surgery, Will Get MRI on Back and NeckUS Bank Shares Drop as Moody’s Cuts Ratings, Warns on RisksWall Street WhatsApp, Text-Message Fines Exceed $2.5 BillionThe Global South Breaks Away From the US-Led World OrderChina’s Trade Plunges More Than Fore
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Employer-sponsored group term life insurance is often a free employee benefit. But it may not be enough to cover your family’s needs if you die.
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A jewelry floater is a type of supplemental insurance designed to protect precious jewelry.
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Today's top three nationwide CD rates are 5.75% from Andrews Federal Credit Union, 5.75% from INOVA Federal Credit Union, and 5.65% from Dow Credit Union.
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The Consumer Confidence Index is a survey that measures how optimistic or pessimistic consumers are regarding their expected financial situation.
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The S&P 500 dipped 0.4% on Tuesday, Aug. 8, 2023, as bank stocks lost ground after Moody’s downgrades.
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Bank of America study shows 401(k) balances are almost 10% higher as Generation Z and Millennials increase their contribution rates
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Wholesale inventories—the stock of goods available for sale by wholesalers and a factor that may influence the country's Gross Domestic Product (GDP)—fell 0.5% to $905.2 billion in June compared to May, but were 1.3% higher over the June last year.
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If you’ve seen fewer “made in China” labels on the products you buy, it’s no accident: trade between the U.S. and its biggest Asian trading partner has diminished as manufacturers have left China for friendlier shores.
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Bounty programs are rewards, usually in the form of tokens, to promote an initial coin offering (ICO).
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On Tuesday, Elon Musk's X Corp. entered into an exclusive partnership with Integral Ad Science Holding Corp. (IAS), an ad optimization company, to win back advertisers and address reports of growing hate speech on the platform.
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Chegg shares soared after the education technology provider posted better-than-expected sales and laid out its artificial intelligence strategy.
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Shares of Tilray Brands skyrocketed after the maker of marijuana products and craft beer purchased eight beer and beverage brands from Budweiser parent Anheuser-Busch InBev.
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Learn about robo Roth IRAs and if you should consider using a robo-advisor to manage your Roth IRA.
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When it comes to money management, there is no lack of choice. Here's a comparison of services from traditional advisors vs. those of a robo-advisor.
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Accelerated amortization occurs when a borrower makes extra payments toward their mortgage principal, speeding up the settlement of their debt.
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Chipmaker Nvidia has announced the release of its next-generation chip to capitalize on the demand for AI models and lower costs for developers.
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TSMC, Bosch, Infineon and NXP will build an $11 billion chip plant in Dresden, Germany, with production expected to begin by the end of 2027.
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Buying life insurance in a qualified retirement plan offers tax benefits, but this strategy can also be expensive and complex to manage. Here are the pros and cons.
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United Parcel Service, the world's biggest package delivery company, posted mixed second-quarter results on Tuesday, beating on earnings but falling short on revenues.
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Harvard Business School is an internationally renowned business school located at Harvard University in Boston, Massachusetts.
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In a survey, 44% said they are concerned Social Security may run out of money and stop making payments.
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Amazon (AMZN) said on Tuesday it will be hosting a second Prime Day-style event in October named "Prime Big Deal Days," in an effort to lure shoppers ahead of the holiday season.
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If you’re feeling the financial pressure from today’s high interest rates on all kinds of loans, relief from a year and a half of rate increases may be on the way.
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Citi offers CDs, checking accounts, bank IRAs, and savings accounts. Learn more about its savings account rates, features, and account requirements.
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U.S. equities sank at midday on Tuesday, Aug. 8, 2023, following bank downgrades by Moody's and data showing credit card debt rose to a record.
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In de afgelopen twintig jaar zijn steeds meer mensen gaan werken in ons land. Momenteel zijn er meer werkenden dan mensen zonder baan. In het tweede kwartaal waren er 120 mensen met betaald werk op 100 mensen die niet werkten.
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